Page 2 - Housing

High demand for luxury units drives housing segment premiumisation

Units priced ₹1 crore and above increase market share to 63% of total units sold in 2025

M3M to invest ₹3,500 crore in 'ELIE SAAB' branded luxury homes in NCR

Realty firm M3M India on Tuesday said it has partnered with global fashion and lifestyle brand ELIE SAAB to develop two ultra-luxury housing projects in Delhi-NCR with a total investment of Rs 3,500 crore. M3M India will build 300 apartments in Gurugram, while its group firm Smartworld Developers will construct about 650 flats in Noida. M3M India Group is partnering with luxury brands to boost sales of its properties. The company has already completed a housing project in Gurugram under 'Trump' brand. In October last year, it tied up with Jacob & Co, a globally renowned luxury brand, for a project in Noida. "We have partnered ELIE SAAB for two branded residential projects in Delhi-NCR," M3M India promoter Pankaj Bansal told reporters in Gurugram. ELIE SAAB Group Vice Chairman and CEO ELIE SAAB Jr said the Group entered into branded residences in 2019 with first project in Dubai. It has done more than 25 real estate projects globally so far. ELIE SAAB is entering India in ...

₹69 crore vanished: The affordable housing project that never delivered

What began as a promise of affordable homes under a government scheme has now turned into a major money-laundering case.

Housing sales dip 1% in top-8 cities, average price grows up to 19%: Report

Housing sales fell 1 per cent last year to over 3.48 lakh units across eight major cities, with demand stagnating amid an average price rise of up to 19 per cent, according to Knight Frank. In a virtual press conference on Wednesday, real estate consultant Knight Frank India noted that the decline in interest rates on home loans, strong economic growth and lower inflation were some of the key factors that helped in sustaining the housing demand during the 2025 calendar year despite fears of an impending correction. As per the data, the housing sales rose 1 per cent in 2025 to 3,48,207 units across eight major cities of the country. The data pertains to primary residential market only. Knight Frank India CMD Shishir Baijal said the sales momentum continued last year despite rise in weighted average prices. "The contribution of NRIs in housing sales has risen to 12-15 per cent from single digit a decade ago," he told reporters. Among cities, sale of residential properties in the Mu

Housing top reason for partial withdrawals under NPS in FY25: PFRDA

Housing-related needs accounted for the highest number of partial withdrawal requests under the National Pension System in FY25, with Rs 1,327.91 crore withdrawn, PFRDA data show

Housing sales in seven cities fall 14% in 2025 but value rises 6%: Report

Home sales volumes across the top seven cities fell to about 3.95 lakh units in 2025, but the value of homes sold rose to over ₹6 trillion as luxury share increased

Moderation at home, momentum at work: 2025 a mixed bag for realty sector

India's real estate market saw residential sales moderate in 2025, while commercial leasing and investments hit record highs, making it a year of contrast and consolidation

Signature Global to invest ₹4,800 crore on new housing project in Gurugram

Realty firm Signature Global will invest Rs 4,800 crore to develop a luxury housing project in Gurugram as part of its strategy to expand business amid strong consumer demand. The company, which emerged as the fifth-largest listed realty firm last fiscal in terms of sales bookings, has recently launched a new project, 'Sarvam at DXP Estate', spread over 13.56 acre. The project, located on Dwarka Expressway, Sector 37D in Gurugram, will have 1,798 apartments. In the first phase, the company is offering 50 per cent of the total units for sale in a price range of Rs 3-4 crore per unit. "The total investment in the development of this project is estimated at around Rs 4,800 crore," Signature Global founder and Chairman Pradeep Aggarwal told PTI. The company will meet the investment largely through internal accruals, which include advances from customers. The construction works will start soon, and the project is expected to be completed by 2032. Aggarwal highlighted that the company

Credai's Budget wish list: Revise affordable housing price cap to ₹90 lakh

This comes even as affordable homes have been seeing a drop in demand as well as supply in Tier-I markets such as Delhi NCR and Mumbai

Godrej Properties sells homes worth ₹2,600 cr in Hyderabad debut year

Godrej Properties has sold housing properties worth Rs 2,600 crore in the first year of operation in Hyderabad and it is looking to expand business in the city that offers huge growth opportunities, a top company official said. In January this year, Godrej Properties announced entry into the Hyderabad housing market with the launch of its first project at Kokapet. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej highlighted that the company has performed exceedingly well in the Hyderabad market. "We launched our first project in Hyderabad during January-March quarter. We launched our second project in July-September quarter. Between these two projects, we have achieved sales bookings of more than Rs 2,600 crore of in our first calendar year of operation in the city," said Pirojsha. Noting that the Hyderabad market has a "huge growth potential", he said the company would like to expand business in this city to tap strong demand for premium and luxury

PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise by 5%

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

Godrej Properties buys land in Hyderabad for ₹4,150 cr housing project

Godrej Properties has bought 5 acres of land in Hyderabad through an auction process and will develop a housing project worth Rs 4,150 crore on this site. In a regulatory filing on Monday, the company stated that it participated in an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) for a land parcel measuring approximately 5 acres in Neopolis, Kokapet. Godrej Properties emerged as the highest bidder, according to the MSTC Ltd. e-tendering portal. The authority will issue the allotment letters after following the due process. "The proposed development on this land is planned as a premium residential project with a saleable area of about 2.5 million sq ft and an estimated revenue potential of around Rs 4,150 crore," the company said. Godrej Properties had acquired a 7.825-acre land parcel in Kukatpally, Hyderabad, in August. After entering the Hyderabad housing market, the company has launched two projects. The company has sold properties worth Rs 2,

36 dead so far in massive fire engulfs Hong Kong high-rise complex

Thirteen people were killed in a fire that spread across multiple high-rise apartment buildings in a Hong Kong housing complex, the city's fire services said Wednesday. Nine people were declared dead on the scene and four others who were sent to the hospital were later confirmed dead, authorities told reporters. About 700 people have been evacuated to temporary shelters. The raging fire sent up a column of flames and thick smoke as it spread on bamboo scaffolding and construction netting that had been set up around the exterior of the housing complex in Tai Po district, in the New Territories. Video from the scene showed at least five buildings close to each other ablaze, with bright flames and smoke shooting out of many of the apartments' windows as night fell. Lo Hiu-fung, a Taipo District Council member, told local TV station TVB earlier Wednesday that most of the residents trapped in the fire were believed to be elderly people. The blaze started mid afternoon and after nightf

Rental housing stabilises in Q3 2025 as demand-supply moderates: Report

India's rental housing market entered a consolidation phase in July-August 2025, with modest demand and supply growth pointing to a more balanced environment

Housing sales value to rise 19% in FY26 even as volumes stagnate: Anarock

India's housing market could surpass Rs 6.65 trillion in sales value in FY26, led by strong demand for luxury and ultra-luxury homes, even as sales volumes see muted growth, according to Anarock

Housing prices appreciate 7-19% in Jul-Sep across top 8 cities: PropTiger

India's top 8 housing markets saw 7-19 per cent increase in prices during July-September quarter on strong demand, according to PropTiger. Real estate consultant PropTiger, which has recently been acquired by Aurum PropTech Ltd, on Wednesday released price data for primary housing market of the top 8 cities. As per the data, Delhi-NCR witnessed the highest 19 per cent increase in prices, driven by strong demand for luxury properties and infrastructure upgrades. The weighted average price of homes in Delhi-NCR rose to Rs 8,900 per sq ft in July-September this year from Rs 7,479 per sq ft in the year-ago period. Bengaluru and Hyderabad recorded strong double-digit price growth of 15 per cent YoY (year-on-year) and 13 per cent, respectively. The price in Bengaluru rose to Rs 8,870 per sq ft from Rs 7,713 per sq ft, while prices in Hyderabad rose to Rs 7,750 per sq ft from Rs 6,858 per sq ft. In Ahmedabad, the prices rose 7.9 per cent to Rs 4,820 per square feet from Rs 4,467 per sq

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