Real Estate Developers

Aditya Birla Real Estate gains 5% after arm launches residential project

The surge in the Aditya Birla Real Estate share price came after the company said its wholly-owned subsidiary, Birla Estates Private Limited, has launched a residential unit, Birla Punya, in Pune

Here's why Brigade Enterprises share price jumped 4% in trade on March 7

The surge in Brigade Enterprises share came after the company launched a residential project 'Brigade Altius' in Chennai with a revenue potential of Rs 1,700 crore

BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project

Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases

Real estate firms dominate QIP market in 2024, raise Rs 22,320 cr: Report

Institutional investors 'extremely bullish' about sector's growth potential, it says

Dahlias super-luxury project lays strong growth foundation for DLF

DLF sold 173 units with a total area of 1.85 million square feet (msf) at an average realisation of Rs 70 crore per residence

DLF shares: Dahlias' strong pre-sales trigger bullish calls by analysts

DLF's robust pipeline, including unsold inventory at Dahlias worth Rs 23,000 crore, along with upcoming launches in Goa and Gurugram, analysts believe, is expected to continue supporting strong sales

DLF's $4 billion ultra-luxury Indian project to take 4 years to build

Around 173 of the 420 units on offer have already been sold at $8 million each, and the $4 billion project is effectively being priced at $742 per square feet, DLF says

MicroMitti raises Rs 90 cr for proptech growth, real estate investments

Proptech firm MicroMitti has raised Rs 90 crore from investors to expand its business. In a statement on Thursday, MicroMitti said the company raised Rs 17.06 crore through a seed funding round for MicroMitti holding firm promoting real estate investment vehicles like SM-REIT (small and medium real estate investment trust), AIF (alternate investment fund) and private equity. It also raised Rs 72.94 crore for MicroMitti's special purpose vehicles doing real estate projects in Indore. Manoj Dhanotiya, founder and CEO of MicroMitti, said, "This funding marks a significant milestone for MicroMitti and highlights the trust and confidence of Indore's business community in our vision. The capital raised will fuel the expansion of our proptech platform, with a focus on AI-driven analytics and automation, while also supporting large-scale real estate developments aimed at generating long-term wealth. MicroMitti has also launched its US arm MicroMitti Inc. The expansion aims to attract globa

Signature Global sales bookings double to Rs 2,770 cr in Q3: Chairman

Realty firm Signature Global on Tuesday reported a more than two-fold jump in sales bookings to Rs 2,770 crore mainly on better demand for its housing projects in Gurugram. The company had sold properties worth Rs 1,260 crore in the year-ago period. Signature Global Chairman Pradeep Kumar Aggarwal attributed the growth in sales bookings to customers' trust in the company. "By aligning our strategy with market trends and focusing on delivering value through premium and mid-range housing, we have reached another important milestone," he said. The strong demand during the festive season underscores the appeal of its carefully designed projects. "Moving forward, we remain committed to refining our offerings to meet the evolving needs of homebuyers. With this momentum, Signature Global is well-positioned to seize new opportunities, reinforce its market presence, and continue creating lasting value for our stakeholders," Aggarwal said. Signature Global has so far delivered 120 lakh sq

Lodha achieves its highest quarterly pre-sales of Rs 4,510 crore in Q3

During the first nine months of FY25, the company's pre-sales stood at Rs 12,820 crore

Arkade Developers aims Rs 2,150 cr revenue from 3 new projects in Mumbai

Arkade Developers Ltd will redevelop three residential projects in Mumbai and expects to generate a revenue of Rs 2,150 crore. In a statement on Monday, Arkade Developers said it has added three redevelopment projects in key micro-markets within western suburbs of Mumbai. Collectively, Arkade will develop 20,232 square metres (about 5 acres) across these redevelopment projects located in Andheri East, Malad West and Borivali West. "The projected saleable carpet area is approx 5.85 lakh sq ft, generating a projected turnover of Rs 2,150 crore," said the company, which recently got listed on the stock exchanges. Arkade Developers Chairman and Managing Director said, "Redevelopment is a crucial part of the Mumbai real estate growth journey and the brand's forte in the ever-evolving Mumbai skyline". "We have a robust pipeline of over 8 upcoming projects across MMR. We expect to witness a further uptick in societies partnering with us, owing to our exemplary delivery track record," he

Karnataka govt approves 9 industrial projects worth Rs 9,823 crore

The Karanataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah. While three of these are new investment proposals, the remaining six involve expansions or amendments to existing plans. According to an official statement, the approved new projects include DN Solutions India Private Limited's Rs 998 crore investment at the ITIR, Devanahalli, expected to create 467 jobs; Silectric Semiconductor Manufacturing Private Limited's Rs 3,425.60 crore project at Kochanahalli, Mysuru, aimed at generating 460 jobs; and Sansera Engineering Limited's Rs 2,150 crore project at Harohalli, which is estimated to create 3,500 jobs. The six expansion or amended projects with total investments worth Rs 3249. 71 crore is expected to create 1178 ...

India's data centre market attracts $60 bn investment during 2019-24: CBRE

India's data centre market has attracted investment commitment of USD 60 billion in the last six years and the cumulative inflow is estimated to surpass USD 100 billion by 2027-end, according to CBRE. Real estate consultant CBRE South Asia on Wednesday released report '2024 India Data Centre Market Update'. "The Data Centre (DC) market in India has experienced substantial investment from global operators, real estate developers, and private equity funds seeking to capitalise on the country's burgeoning market," the consultant said. Between 2019 and 2024, India attracted investment commitments totalling more than USD 60 billion from both domestic and international investors, it added. Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal emerged as the leading states in terms of cumulative investment commitments. CBRE report anticipates "India surpassing USD 100 billion in cumulative investment commitments by the end of 2027". India's data centre market is experiencing

UBS initiates coverage on DLF, Oberoi & Prestige, says sector in sweet spot

UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty

Sunteck Realty Shines with 4-Star GRESB Rating, Elevating Standards in Sustainable Development

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PE investments in Indian real estate sector decline 4% in H1 FY25

The decline is said to be mainly due to a 79% drop in investments in the office sector

Truth about India's realty prices: Underperfoming amid lofty projections

Global housing markets are appreciating much better

Wave Group plans launch of 9,000 flats in 'Wave City' project at Ghaziabad

Realty firm Wave Group plans to launch around 9,000 flats in its 4,200-acre township 'Wave City' at Ghaziabad to monetise its huge land bank amid strong housing demand. In a statement, Wave Group said it is planning to launch about 7 million square feet in the premium and affordable group housing categories in Wave City in the current fiscal ending March 2025. The investment to develop a 7 million square feet area and potential sales value were not disclosed. The company has already developed more than one-third of the township spread over around 4,200 acres in the last 10 years by way of plotted development and low-rise group housing complexes. "We will be launching a 7 million square feet area comprising 8,000-9,000 apartments," Rajiv Gupta, Managing Director of Wave City, said. "The buyers' demand for premium apartments in the township has sharply increased over the last 12 months. As a result, the price in the secondary market jumped by almost 30 per cent in the period," Gupta

Macrotech Developers raises stake in 3 warehousing firms for Rs 239.56 cr

Macrotech Developers has increased its stake in three warehousing companies by buying out shares of Ivanhoe Warehousing India Inc. in these firms for Rs 239.56 crore. The share acquisition in the three firms would help Macrotech Developers in increasing its rental income. In a regulatory filing, the company said it has executed Securities Purchase Agreements (SPAs) with Ivanhoe Warehousing India Inc in this regard. It has increased its stake in "Digital Infrastructure Platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 239.56 crore, the filing added. The company's interest post the above acquisition in Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd would increase to 70 per cent, 66.67 per cent and 66.67 per cent, respectively, it added. Macrotech ...

Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding

The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O