Page 2 - Real Estate Developers

Stars and numbers guide luxury homebuyers as well, say developers

Developers say even the most globally exposed buyers see the practice less as a superstition and more as symbolic alignment

Oberoi Realty Q2 sales bookings fall 10% to ₹1,299 crore on lower volumes

Oberoi Realty's sales bookings declined 10 per cent to Rs 1,299.06 crore in the second quarter of this fiscal due to lower volumes in terms of area. Mumbai-based Oberoi Realty, which is mainly into the luxury housing segment, had sold properties worth Rs 1,442.46 crore in the year-ago period. According to its latest investor presentation, Oberoi Realty sold 158 units covering 2,50,701 sq ft area during the second quarter of this fiscal with a sales bookings value of Rs 1,299.06 crore. The company collected Rs 1,352.82 crore in the July-September period of the current fiscal. During the second quarter of the preceding 2024-25 fiscal, Oberoi Realty had sold 158 units covering 2,75,780 sq ft area with sales bookings value of Rs 1,442.46 crore. The company had collected Rs 1,211.17 crore in the July-September period of the last fiscal year. Recently, Oberoi Realty reported a 29 per cent increase in its consolidated profit to Rs 760.26 crore for the second quarter of this fiscal on hi

M3M to invest ₹2,100 cr in Jacob & Co's branded housing debut in India

M3M Group partners with luxury watchmaker Jacob & Co to build India's first branded residences in Noida, with an investment of Rs 2,100 crore and prices up to Rs 25 crore

Festive surge: MahaRERA approves 405 realty projects across Maharashtra

MahaRERA approved 405 new real estate projects during Dussehra - its highest-ever single-day festive clearances - with a total of 809 approvals, extensions and corrections across Maharashtra

ED restores ₹175 cr worth assets to homebuyers; SC praises initiative

The Enforcement Directorate (ED) has restored flats, commercial units and plots worth Rs 175 crore to more than 200 homebuyers who had been waiting to get possession of their dream home for over 12 years, the agency said. The unsold inventory of 354 flats, 17 commercial units and two plots belong to a project named Royal Rajvilas (RRV) in Rajasthan's Udaipur. The project's present market value is about Rs 175 crore, the ED said in a statement issued on Tuesday. The case pertains to a money laundering investigation against an accused named Bharat Bomb, apart from some others, who are alleged to have cheated the Syndicate Bank (now Canara Bank) to the tune of Rs 1267.79 crore between 2011 and 2016. The ED had attached properties worth Rs 535 crore in this case in April, 2019 including assets of Rs 83.51 crore in the form of unsold/unregistered inventory of a company named Udaipur Entertainment World Private Limited (UEWPL). Multiple cases were filed against this attachment order and

Institutional investments in real estate grow 11% in Jul-Sep: Colliers

Institutional investments in Indian real estate rose 11 per cent to USD 1.27 billion in July-September on better fund inflows into office assets, according to Colliers. Real estate consultant Colliers India data showed that the institutional investments in real estate increased to 1,269.5 million during July-September, up from USD 1,148.7 million in the year-ago period. "This reflects continued investor confidence in India's economic fundamentals and resilience of the real estate sector," Colliers India CEO Badal Yagnik said. Out of the nearly USD 1.27 billion inflow, the domestic investors pumped in USD 762.4 million (60 per cent share) while the foreign investors contributed USD 507.1 million. Interestingly, the investments from domestic sources rose 51 per cent annually in July-September, and inflows from foreign investors fell 21 per cent. "Domestic capital contributed 60 per cent of the quarterly inflows, with strong interest in office and residential segments. Notably, offic

Maharashtra invites realty firms to develop 13K acres of MSRTC land

Maharashtra will lease 13,000 acres of MSRTC land in key cities for residential and commercial projects under the build-operate-transfer model to boost revenue and modernise facilities

Sri Lotus Developers stock price today: Up 6% on Motilal Oswal 'Buy' rating

Sri Lotus Developers share price jumped after domestic brokerage Motilal Oswal initiated coverage on the stock with a 'Buy' rating, with a target of ₹250 per share, which reflects an upside of 35%.

Developers eye festival season demand, GST cuts to revive housing sales

Real estate developers expect GST cuts on inputs and festive buying sentiment to spur housing demand across luxury, mid-segment and Tier-2 cities after a lull in sales

India ranks 4th in Apac for real estate capital inflows in H1 2025: Report

India emerged as the 4th-largest destination for real estate capital in H1 2025, driven by strong foreign and domestic investments across residential, office, and industrial assets

Brokers' body resolves differences with MagicBricks after disrespect row

In May this year, NAR India had directed its members to cease all listings, advertisements, and business transactions with MagicBricks and avoid all engagement with the platform

Real estate stocks burn investor pockets in 2025; is rebound on the cards?

Real estate sector/stocks: The Nifty Realty index has slumped nearly 14 per cent so far in 2025 (till Sept 15), in sharp contrast to the 6 per cent gain in the benchmark Nifty50 index.

House of Abhinandan Lodha eyes ₹10,000 cr sales by FY30: Company chief

No other real estate asset classes can give the return that land gives if one buys it in the right location and from the right developer, says Lodha

Noida-Gurugram FAR relaxation: Will more supply hurt flat investors?

"Investors should temper expectations of steep price gains," says experts, flagging pressure on resale in some micro markets

Indian real estate sector expects wave of reforms after SC judgment

Supreme Court directs reforms in IBC and Rera, declares housing a fundamental right; developers welcome move, seek multi-stakeholder approach for systemic real estate reforms

Indian Reits deliver 6-7% yields, surpassing global benchmarks: Report

Indian Reits yield 6-7 per cent, outpacing US, Singapore and Japan, says Anarock-Credai report, as sector eyes $25 billion market cap and diversification into new asset classes

GST cut to lift housing demand, boost festive season sales: Credai

Indian government's decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors' body CREDAI. The association, which has a 13,000 members from across India, said the construction cost is expected to come down because of reduction in GST rates on cement and few other building materials. The association, which is organising its annual event CREDAI-NATCON here, asserted that the benefit of GST rationalisation would be passed on to customers, provided cement companies and other manufacturers of building materials bring down their rates. New GST rates are applicable from September 22. Addressing a press conference on late Thursday, CREDAI Chairman Boman Irani said, "GST rationalisation has generated feel good factor among people. There is a positive sentiment among consumers, which is a good sign ahead of festival season". CREDAI President Shekhar Patel said th

Senior living market to reach $8 billion by 2030, ASLI-JLL report shows

Rising elderly population, policy push and investor interest to drive demand

Keystone Realtors buys 3 Mumbai land parcels to build homes worth ₹7,700 cr

Keystone Realtors Ltd has bagged three redevelopment projects in Mumbai during the latest June quarter with a revenue potential of more than Rs 7,700 crore and is looking to acquire more land parcels for growth of its residential real estate business, a top company official said. In an interview with PTI, the company's CMD Boman Irani highlighted that the company performed exceedingly well in the first quarter of this fiscal on key metrics like sales bookings, launches and new business development (acquisition of land parcels to build projects). Mumbai-based Keystone Realtors achieved the highest-ever quarterly pre-sales of Rs 1,068 crore in April-June period of 2025-26 fiscal, a rise of 75 per cent from the same quarter last year. On business development, he said, "We added 3 projects in the first quarter having an estimated GDV (gross development value) of Rs 7,727 crore," Irani said, adding that the company has already surpassed the target of adding projects worth Rs 6,000 crore

Sumadhura Group invests ₹1,000 cr in Capitol Towers for commercial use

Sumadhura Group secures long-term leases from global tenants at its Capitol Towers tech park in Whitefield, projecting Rs 50 crore annual revenue from 5 lakh sq ft of space