Page 3 - Housing

Keystone Realtors aims 32% growth in housing sales booking in FY26: CMD

Realty firm Keystone Realtors Ltd targets to sell housing properties worth Rs 4,000 crore this fiscal, eying a 32 per cent annual growth, as demand continues to be strong especially for good brands, its CMD Boman Irani said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. "We have achieved steady and consistent growth during the last 2024-25 fiscal and surpassed all our guidances," Irani told PTI in an interview when asked about the company's performance. He highlighted that the company's pre-sales or sales bookings rose 34 per cent to Rs 3,028 crore last fiscal year, beating the annual guidance of Rs 3000 crore. The demand for apartments as well as residential plots remains strong especially in projects developed by reputed brands, Irani said, while exuding confidence of maintaining the company's growth momentum. Asked about the sales bookings target for 2025-26, Irani said, "We have given

Affordable housing cap needs rethink, says Credai's Shekhar Patel

The Credai president said that while the size limits of 60 square meters for metro cities and 90 square meters for non-metro cities were generally acceptable, the price cap was deterring developers

Shapoorji Pallonji launches over Rs 1,400 crore luxury project in Gurugram

Shapoorji Pallonji Real Estate, Kreeva, and ASK Property Fund launch The Dualis in Sector 46, Gurugram with 198 high-end units and a revenue target of ₹1,400 crore

Continued border tensions may dent housing and commercial realty: Anarock

Anarock expects short-term dip in housing, retail, and hospitality as conflict dampens confidence, while long-term demand and pricing to stabilise once normalcy returns

Ravi Infrabuild files papers with Sebi to raise Rs 1,100 cr through IPO

Udaipur-based company will use proceeds to invest in subsidiaries and repay borrowings

India's co-living sector to see 1 mn beds by 2030, says Colliers India

India's co-living inventory to grow from 300,000 to 1 million beds by 2030 amid rising demand from migrants and students as market size nears Rs 200 billion

India sees debut listing of residential mortgage-backed securities

The funds would be raised across seven to 10 transactions over the year, National Housing Bank Managing Director Sanjay Shukla said

Infra boost, lower repo rates, ready units aid market recovery: CREDAI

The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of

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

PNB Housing Finance eyes retail book of Rs 1 trillion by FY27: MD & CEO

Roshni is a product of PNB Housing Finance which promotes affordable housing, especially among first-time buyers

India's options amid uncertainty: Equity, skilling, and housing support

To exploit the opportunities from current crisis, a two-pronged strategy can be conceived - restructuring trade partnerships and developing a strategic industrial policy to benefit from these part

Delhi NCR residential property prices up 81% in five years: Report

Greater Noida, Noida recorded over 90% price appreciation after pandemic as unsold stock drops

Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV

Since its inception in 2006, Assetz has delivered 20 residential and commercial projects, spanning approximately 15 million square feet

Housing sales down 19% on high prices; supply drops 10% in 8 cities

Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution. In its report 'Real Insight', PropTiger also mentioned that new supply dropped 10 per cent in the first quarter of the calendar year, as developers adjusted with the market situation. "The huge spike in prices had already started to show its adverse impact on sales. With a global trade war now bringing new uncertainty, it is only natural for buyers to adopt a cautious approach to investment, particularly in something so big as real estate," said Dhruv Agarwala, Group Chief Executive Officer, Housing.com and PropTiger. As per the PropTiger data, housing sales in Ahmedabad fell 17 per cent to 10,730 units in January-March from 12,915 unit

Rustomjee Group unveils 35,000 sft labour housing for 500 workers

The facility, which will be a permanent fixture for the township that will come up over the years, is designed to accommodate 500 workers across 84 rooms, each measuring 10 feet by 10 feet

Arkade Developers gets redevelopment project in MMR with Rs 865 cr GDV

The project spans 7,084 square metres of area and is expected to deliver a projected saleable carpet area of approximately 2.44 lakh square feet (sq ft)

State-run banks can do more for affordable housing: IMGC MD & CEO

Price appreciation matters if the property is being viewed as an investment

Raymond signs joint venture for ₹5,000 crore residential project in Mumbai

With this latest addition, the gross development value of Raymond's real estate projects is set to approach ₹40,000 crore

Mhada allocates Rs 2,800 crore for redevelopment of Mumbai's BDD chawls

Mhada is in charge of the BDD Chawl Redevelopment Project as a nodal agency and planning authority

'A lot of changes will prevail in our lives': PM Awas Yojna beneficiaries

Earlier in the day, Prime Minister Narendra Modi launched a series of development projects worth over Rs 33,700 crore in Chhattisgarh's Bilaspur