Page 2 - Real Estate Developers

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

Stable rate will nudge people to buy homes: Real estate industry execs

Industry leaders say RBI's unchanged repo rate, coupled with past cuts and surplus liquidity, will aid affordable housing demand and sustain buyer sentiment despite global headwinds

Gurugram circle rate hike likely to price out low, mid-income buyers

Gurugram's second circle rate hike in eight months raises acquisition costs and stamp duties, with developers warning of pressure on mid-income housing demand

Realtors, financial firms bullish on Indian real estate growth: Report

Real estate developers and financial institutions have become more optimistic towards growth in India's property market for the next six months despite global uncertainties, according to NAREDCO and Knight Frank. On Tuesday, realtors' body NAREDCO and property consultant Knight Frank India have released the 45th edition of the 'Real Estate Sentiment Index' for April-June quarter, which showed a significant shift in the mood of the supply-side stakeholders in the Indian real estate sector. "Following a year-long moderation in sentiment, stakeholders are beginning to look beyond short-term global uncertainties and are anchoring their expectations on India's structural economic strength, accommodative monetary policy, and robust demand in premium residential and office segments," the consultant said. The Current Sentiment Score rose modestly to 56 in the April-June quarter, from 54 in the preceding January-March period, ending a four-quarter downward streak. The Future Sentiment Score

DLF-Trident Realty JV sells all 416 flats in Mumbai project for ₹2,300 cr

India's largest realty firm DLF Ltd and Trident Realty have sold all 416 flats for around Rs 2,300 crore in a luxury residential project in Mumbai on high demand. In a regulatory filing on Friday, DLF said that the entire 416 units launched in the first phase of 'The Westpark' project has been sold for Rs 2,300 crore in less than a week. DLF arm DLF Home Developers Ltd is developing this project at Andheri West in partnership with Trident Realty. "Our entry into Mumbai represents a significant strategic milestone for DLF," said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. "Mumbai has always been a key component of our national growth strategy, and with the launch of The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," he added. DLF and Trident Realty will invest around Rs 900 crore to develop this luxury housing project at Andheri (West). The company launched the fir

Lower home loan EMIs spark increased buyer interest amid repo rate cuts

House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25)

Ashwin Sheth Group buys 4.05-acre Goregaon West land for Rs 255 crore

Developer acquires 4.05-acre plot in Goregaon West from Mhada for Rs 255 crore, to build five residential towers with 12 lakh sq ft Rera carpet area and retail

DLF to invest Rs 900 cr in Mumbai housing proj, eyes Rs 2,300 cr revenue

India's largest realty firm DLF Ltd has re-entered the Mumbai market and will invest around Rs 900 crore to develop a luxury housing project at Andheri (West), a senior company official said. In July 2023, DLF had announced its re-entry in the Mumbai market with plans to develop a luxury housing project in Mumbai in partnership with NCR-based builder Trident group. "We have launched a luxury housing project 'Westpark' in Mumbai comprising 416 apartments," DLF Home Developers Joint Managing Director Aakash Ohri told PTI. He said the company has launched this 5.18-acre project in a price range of Rs 42,000 per sq ft to Rs 47,000 per sq ft. It is selling flats in a range of Rs 4 crore to Rs 7.5 crore. Asked about the investment, Ohri said, "It will be around Rs 800-900 crore". The total sales realisation will be around Rs 2,300 crore, he added. Ohri said the initial demand has been very encouraging from customers. "We plan to sell around 200 units," he said, adding that the company

Signature Global confident of ₹12,500 cr pre-sales target in FY26: Chairman

Realty firm Signature Global is confident of achieving its target to sell homes worth Rs 12,500 crore this fiscal, despite a 15 per cent fall in bookings in the June quarter, a top company official said. Signature Global emerged as the fifth largest listed real estate firm during 2024-25 fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore. The Gurugram-based company has given a guidance of clocking Rs 12,500 crore worth pre-sales or sales bookings in the current fiscal. "We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the company has a strong launch pipeline in Gurugram for the remaining period of this fiscal year. Aggarwal noted that the housing demand continues to be strong especially for the companies having a good track record of executing projects on time. During April-June quarter, the company reported a 15 per cent decline in

Lodha Developers buys 5 land parcels to build homes worth Rs 22,700 cr

Realty firm Lodha Developers has acquired five land parcels in the Mumbai region, Pune and Bengaluru during the June quarter to develop housing projects with a total revenue potential of Rs 22,700 crore. In a regulatory filing on Monday, Lodha Developers said, "In April-June quarter of 2025-26, we added five new projects across the Mumbai Metropolitan Region, Pune and Bengaluru with GDV (gross development value) of Rs 22700 crore." The company did not mention whether these land parcels were acquired outright or whether it entered into a partnership with landowners. Lodha Developers, erstwhile Macrotech Developers, acquired 10 land parcels during the last fiscal year to develop housing projects with a total sales value of Rs 23,700 crore, as it seeks to expand business amid strong demand. Lodha Developers said it has achieved more than 90 per cent of its target to add Rs 25,000 crore worth of projects this fiscal. The company reported a 10 per cent growth in its sales bookings to

Sobha Q1 pre-sales rises 11% to ₹2,079 cr on better demand for homes

Realty firm Sobha Ltd has reported an 11 per cent increase in sales bookings to a record Rs 2,078.8 crore in the first quarter of this fiscal year as housing demand continues to be strong. Its sales bookings or pre-sales stood at Rs 1,873.7 crore in the year-ago period. The Bengaluru-based company sold 14.44 lakh sq ft area in April-June period of this fiscal year as against 11.75 lakh sq ft, according to a regulatory filing on Monday. During the June quarter, Sobha completed 1.07 million sq ft of saleable area and delivered 594 homes across projects. Sobha said the company has achieved its "highest-ever quarterly real estate sales value of Rs 20.79 billion, crossing the Rs 2,000 crore milestone for the first time." The company attributed various factors for robust demand, including urban migration, record commercial space absorption, stronger consumer and investor confidence, declining interest rates, and growing home ownership aspirations. Sobha launched two housing projects dur

Here's why Arkade Developers share price is in demand today; details inside

Arkade Developers' share price rose today after the company announced that it has entered into a binding agreement to acquire Filmistan Pvt Ltd for a total consideration of approximately ₹183 crore.

Mahindra Lifespace shares up 5% on securing redevelopment project in Mulund

Mahindra Lifespace Developers share price rose after the company announced that it emerged as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai.

Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids

Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day

Arbour Investments commits ₹105 cr to ELV for Whitefield projects

Arbour will fund ELV Projects' mid-premium residential developments in Whitefield, with Rs 105 crore to be disbursed in phases over eight to nine months