Real Estate Firms

Magicbricks names ex-CarDekho executive Mayank Jain as CEO, effective Oct 1

Real estate classifieds Magicbricks has appointed Mayank Jain as chief executive officer (CEO), effective October 1. In a statement on Friday, Magicbricks, one of the leading property platforms, said Jain has joined from CarDekho, where he served for over five years as CEO of Auto Classifieds. Jain has more than two decades of experience across digital, media, technology and consumer businesses. "At Magicbricks, Mayank will focus on accelerating the company's next phase of growth by leveraging its digital capabilities, advancing technology-led innovation and strengthening its consumer-centric approach," the company said. His priorities would include driving business transformation, improving operational and financial performance, and further reinforcing Magicbricks' position in India's evolving real estate ecosystem, it added. Jain holds an MBA from INSEAD, a PGDM from Management Development Institute (MDI), Gurgaon, and a degree in Computer Engineering. He will be based at ...

Prestige Estates Q2 sales bookings rise 20% to ₹7,225 cr on housing demand

Realty firm Prestige Estates Projects Ltd on Tuesday reported a 20 per cent growth in its sales bookings to Rs 7,225 crore for the quarter ended September 2026 on strong housing demand, especially for big branded players. In a regulatory filing, Bengaluru-based Prestige Estates informed that "the residential business recorded Pre-sales of Rs 72,250 million (up 20 per cent year-on-year) during Q2 FY27, with sales volume of 5.84 million square feet and 3,910 units sold." During the first half of this fiscal, the company recorded pre-sales of Rs 1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches, a couple of which were introduced towards the end of the quarter but nevertheless saw good sales traction." Sustenance sales in the ongoing projects have also remai

Puravankara Q2 sales bookings surge 62% to ₹2,136 crore on housing demand

Realty firm Puravankara Ltd on Tuesday reported a 62 per cent annual growth in its sales bookings to Rs 2,136 crore during the September quarter on better demand for its residential properties. In a regulatory filing, the company said its pre-sales rose to Rs 2,136 crore in the second quarter of this fiscal from Rs 1,322 crore in the year-ago period. Sales area for the second quarter stood at 1.83 million square feet, up 22 per cent annually. Average price realisation increased 32 per cent annually to Rs 11,651 per square foot. During the September quarter, Puravankara handed over 977 homes totalling 0.97 million sq ft, to customers. In the first six months of this fiscal, the company has handed over 1,722 homes spanning 1.92 million sq ft. Ashish Puravankara, the company's Managing Director, said, "Our focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution." The performance supports the company's strategy of investing in ...

Kolte-Patil Developers Q2 sales bookings rise 52% to record ₹1,019 crore

Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to Rs 1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at Rs 670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of Rs 1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record Rs 1,636 crore, up 27 per cent from Rs 1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, "Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business." The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. "While demand has softened in the near term across the broader market, particularly in Pune, we

Brigade Group to invest ₹40,000 cr to build realty, hospitality projects

Realty firm Brigade Group on Thursday said it will invest Rs 40,000 crore over the next three years to develop housing, commercial, hospitality and warehousing projects across major cities in South India, as part of its expansion plan. Bengaluru-based Brigade Group on Thursday marked the completion of 40 years in business. Outlining its growth plans for the next three years, Brigade Group said in a statement that it will invest around Rs 40,000 crores over the next three years for a development pipeline of 40 million sq. ft. across its markets. Over the past four decades, Brigade has developed more than 110 million sq. ft. across 300+ projects and established its presence across 10 cities. The Group has built a diversified portfolio that includes residential communities, office developments, retail destinations, and hotels. "Brigade was built on the belief that real estate is ultimately about creating places that have enduring value for people, businesses and communities. Over fou

Institutional investment in housing dips 39% mn in 9 months: Colliers

Institutional investments in the residential segment fell 39 per cent annually to USD 695 million during January-September this year as realty firms prefer to fund projects through internal accruals, according to Colliers. Real estate consultant Colliers India on Thursday released data for institutional investments in different segments of India's real estate sector. According to the data, institutional investments in housing assets fell 39 per cent to USD 694.5 million in the first nine months of this year from USD 1,139.7 million in the year-ago period. However, office assets saw a 46 per cent growth in investments to USD 2,169.3 million from USD 1,482.7 million during the period under review. Industrial and logistics parks saw 15 per cent growth in investments to USD 371.9 million from USD 324.7 million. Investments in retail real estate (shopping malls) fell 78 per cent to USD 85.2 million from USD 380 million. Institutional investments in mixed-use projects rose 42 per cent

Raymond Realty sees 98% Q2 pre-sales growth, keeps leverage below ceiling

The developer said growth came entirely from sustenance sales, while collections rose 67 per cent and two Mahim projects worth over ₹4,100 crore are lined up

Raymond Realty Q2 pre-sales jump 98% to ₹902 crore, collections rise 67%

Raymond Realty's Q2 FY27 pre-sales rose 98% to ₹902 crore, while collections increased 67% to ₹682 crore despite launching no new projects during the quarter

Wadhwa Group starts IPO process via confidential filing with Sebi

The Mumbai-based developer has prefiled its DRHP with Sebi as it moves towards a potential listing amid record capital inflows into Indian real estate

Anarock acquires 51% stake in architecture firm DSP Design Associates

The deal combines Anarock's real estate advisory and transaction capabilities with DSP's architecture, master planning and interior design expertise across India

Embassy sells entire Juhu residential tower to Dinesh Thakkar for ₹711 cr

The G+7 tower at Embassy Terazza spans 63,000 sq ft of carpet area, with the company calling it India's largest single residential unit transaction

Ashiana Housing to invest ₹1,000 cr in FY27 to acquire land for expansion

Realty firm Ashiana Housing will invest Rs 1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said. Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people. In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties. To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects. "We will be investing around Rs 1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment. The land acquisition would be outright as well as joint development with landowners. On sales book

India enters top 30 transparent real estate mkts, ranks 26th globally: JLL

India ranked as Asia-Pacific's top improver in GRETI 2026, helped by stronger regulation, digitised land records, deeper Reit markets and rising sustainability disclosures

India land deals surge to 18,158 acres in five years: Cushman & Wakefield

Annual transacted acreage rose from 813 acres in 2021 to 6,181 acres in 2025, while tier-II cities increased their share of annual transactions to 34 per cent

M3M emerges as highest bidder for prime Noida land parcels at ₹1850 crore

Realty firm M3M emerged as the highest bidder for a mixed-use land parcel auctioned by the Noida authority, quoting around Rs 1,850 crore for a 12.5-acre plot in Sector 108, sources said on Tuesday. The Sector 108 parcel had a reserve price of Rs 835 crore and attracted a strong interest, with DLF Ltd also participating in the bidding, the sources said. M3M's bid was approximately Rs 1850 crore, they said. The land parcel is designated for mixed-use development, comprising residential and commercial components, according to the sources. The substantial premium fetched by the Sector 108 parcel highlights strong developer interest in strategically located mixed-use land in Noida, they added. An M3M spokesperson declined to comment immediately, while the Noida authority was yet to announce officially the auction details. DLF Limited, M3M Group and Godrej Properties were shortlisted to bid for this land parcel. However, in Tuesday's bid only two of the groups participated. Godrej ...

US-based Century 21 to enter India with 126-region franchise model

US-based real estate franchise firm plans to open six to 10 regions in its first year and build a 30,000-agent network, with cross-border property transactions a key focus

Arnya launches ₹750-crore preferred equity fund with Casagrand Premier

The Category II AIF will invest ₹75 crore-₹200 crore across around eight to 10 Casagrand projects, primarily in Chennai, Bengaluru and Hyderabad

Consumer Protection: Builder's failure to get OC is deficiency in service

The State Commission observed that a builder is statutorily obliged to obtain the completion and occupancy certificates before offering possession to buyers

ASK Property Fund commits ₹300 crore to two Ghaziabad housing projects

The investments will support BRV Group's 4.7-acre Vasundhara project and KW Group's 1.5-acre Indirapuram development as ASK expands in established NCR markets

Gaurs Group buys 35 acre land parcels along Yamuna Expressway for ₹700 cr

Realty firm Gaurs Group has acquired 35-acre land parcels along Yamuna Expressway from ICICI Bank for around Rs 700 crore to develop residential projects as part of its expansion plan. The company bought three land parcels in Sector 18 along the Yamuna Expressway, which connects Noida and Greater Noida to Agra, at an auction from ICICI Bank. "We have acquired 35 acres of land parcels from ICICI Bank for around Rs 700 crore," Gaurs Group Chairman Manoj Gaur said. There are three land parcels, with a 24-acre plot being the largest. "The land has been acquired in an open auction from ICICI Bank Ltd on an as-is, where-is basis. We are settling all the pending dues like EDC, farmer compensation etc," the company said. Gaurs Group, which is one of the leading real estate developers in Delhi-NCR, plans to launch the project on the 24-acre land parcel. Gaur said the company plans to launch 3-4 housing projects by March next year at Noida and Yamuna Expressway. The Group clocked sales boo