Real Estate Firms

Keystone Realtors to launch ₹3,000 crore ultra-luxury Mumbai project: CMD

Realty firm Keystone Realtors plans to launch a super luxury residential project in Mumbai next month with a revenue potential of about Rs 3,000 crore, a top company official said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. In an interview with PTI, Keystone Realtors Chairman and Managing Director Boman Irani said the company is very bullish on housing demand and expressed confidence of easily achieving the sales bookings target of Rs 4,000 crore this fiscal year. The company has already sold properties worth Rs 1,839 crore in the first half of 2025-26, up 40 per cent annually. About new launches, Irani said the company is targeting to launch a super luxury residential project at Bandstand, Bandra, in Mumbai next month. "The gross development value (GDV) of this upcoming project will be around Rs 3,000 crore," he said. Irani said the company had given an annual guidance of launching Rs

Motilal Oswal starts coverage on Aditya Birla Real Estate with 33% upside

On the bourses, ABREL Share price surged up to 3.01 per cent to hit an intraday high of ₹1,770.65 per share.

Japan's Sumitomo Realty puts India bet on Mumbai and serviced apartments

Sumitomo has previously called Mumbai its 'second growth engine' after Tokyo, where it manages 240 buildings

Geographic diversification, Palava to support Lodha growth, says Nuvama

Lodha Developers stock: This momentum, analysts believe, is underpinned by increasing geographic diversification, a broad-based product portfolio, & emerging value-unlocking opportunities at Palava.

Brookfield India Reit raises ₹3,500 cr via QIP to fund expansion plans

The Reit's manager has approved the allotment of about 10.93 crore units to successful eligible institutional investors at an issue price of ₹320 per unit

Sumadhura Group inks ₹600 cr pact with T'gana to develop 100-acre project

Signed at the Telangana Rising Global Summit 2025, held at Bharat Future City, the commitment aligns with the state's vision to transform Telangana into a $3 trillion economy

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday. Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody. The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities. The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'. The agency, sources said, is carrying out an ...

Smartworld enters Noida with 6-acre land buy; ₹2,000 cr project planned

The company said that the project will have a total development cost of ₹2,000 crore, with the gross sale value projected at over ₹3,000 crore

Mahindra Lifespaces secures ₹1,010 cr redevelopment project in Mumbai

Work will 'transform' existing housing cluster into a modern community, says company

Why did Arvind SmartSpaces share price jump 5% in trade today? Find here

Around 9:25 AM, Arvind SmartSpaces share price was trading 2.03 per cent higher at ₹605 per share. In comparison, BSE Sensex was trading 0.35 per cent higher at 86,005.94 levels.

Mount K Kapital raises 2nd realty fund worth ₹4K cr, to expand beyond MMR

The seven-year credit fund will back 10-15 projects across major cities, building on the firm's first Rs 790 crore vehicle

Mall operators expected to clock revenue growth of 12-14% in FY26: Report

Crisil expects mall operators to post strong revenue growth in FY26, driven by new mall additions, robust occupancy, reduced GST rates and improved consumption trends

Net office absorption in 6 major cities to hit record high in FY26: Report

The top cities are Bengaluru, Chennai, Delhi National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune

Casagrand sponsors London trip for 1K employees under reward programme

Casagrand sends 1,000 employees on a fully sponsored week-long London trip under its Profit Share Bonanza, reinforcing its people-first and recognition-led culture

NBCC sells 609 housing units in Greater Noida via auction for ₹1,070 cr

State-owned NBCC (India) Ltd has sold 609 housing units in Greater Noida (West) for Rs 1,070 crore through an e-auction. In a regulatory filing on Wednesday, the company informed that it has sold 609 residential units in two projects 'Aspire leisure valley' and Aspire Centurian Park through an e-auction at total sale value of Rs 1,069.43 crore. NBCC will get marketing fee at 1 per cent of sale value. NBCC did not mention the name of the buyer. As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through the NBCC. The state-owned firm was asked to complete 38,000 flats and hand them over to homebuyers. The investment to complete these flats was projected at around Rs 8,300 crore. Meanwhile, Delhi-based AU Real Estate said that it has acquired the selling rights for Aspire Leisure Valley (Phase 2) and Aspire Centurian Park from NBCC. "The combined transaction valu

Delhi's Khan Market 24th most expensive global retail spot: Report

Delhi's upscale Khan Market rank slipped one notch to 24th in a global list of the most expensive high-street retail locations, with an annual rent of USD 223 per sq ft, according to Cushman & Wakefield. Khan Market was 23rd most expensive retail location globally in last year's ranking. Nevertheless, Khan Market remains India's most expensive high street. As per the Cushman & Wakefield report released on Wednesday, London's New Bond Street has become the world's most expensive retail destination, with an annual rent of USD 2,231 per square foot per year. Via Monte Napoleone in Milan, Italy, lost its top position to become the 2nd most expensive main street globally with an annual rent of USD 2,179 per sq ft. New York's Upper 5th Avenue (49th to 60th Sts) is at third position with an annual rent of USD 2,000 per sq ft, compared to rank 2nd in the last year's list. Global real estate consultant Cushman & Wakefield released its flagship retail report 'Main Streets Across The

Realty firm Anant Raj to invest ₹4,500 cr in AP for data centre facilities

Realty company Anant Raj Ltd will invest Rs 4,500 crore in Andhra Pradesh to set up data centres as part of its expansion plan. In a regulatory filing on Saturday, the company said that its subsidiary Anant Raj Cloud Pvt Ltd (ARCPL) has entered into an MoU with Andhra Pradesh Economic Development Board for building new data centre facilities along with IT Park in Andhra Pradesh and to make investment for development of data centre and cloud services. The MoU intends to support the establishment of a data centre-IT park in the state in a time-bound manner. "ARCPL will make a direct investment of approximately Rs 4,500 crore, to be executed in two phases," Anant Raj said. The agreement provides for ARCPL's phased investment of about Rs 4,500 crore for the development of a data centre-IT park. The investment is expected to create around 8,500 direct and 7,500 indirect jobs. The Andhra Pradesh Economic Development Board (APEDB)will facilitate necessary support for the implementation

Mumbai realty market sees 4-fold jump in institutional investment: Report

Mumbai's real estate market witnessed a fourfold jump in institutional investments to USD 1.19 billion in the first nine months of 2025, driven by foreign investors which want to fund residential and commercial projects for better returns, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield's India Capital Markets Q3 2025 report showed that the institutional investments in Mumbai jumped to USD 1,195.78 million in January-September period of this year from USD 295.57 million in the year-ago period. Out of the total inflow in Mumbai property market, the consultant noted that foreign capital accounted for two-thirds (67 per cent) at USD 797.7 million, led by investors from the US (USD 500 million) and Japan (USD 297 million). Domestic investors contributed the remaining USD 398 million. Somy Thomas, Executive Managing Director of Capital Markets, noted that the institutional investment in Mumbai real estate market has crossed USD 1 billion mark for the ...

Suraj Estate aims ₹1,200 cr revenue from new commercial project in Mumbai

Realty firm Suraj Estate Developers Ltd expects Rs 1,200 crore revenue from a new commercial project in Mumbai. In a regulatory filing on Thursday, the company informed that it has launched a new commercial project 'One Business Bay' having carpet area of 2.09 lakhs sq ft with an "estimated Gross Development Value (GDV) of Rs 1,200 crore." The project will have 182 premium business office units and also premium retail spaces. Suraj Estates has delivered more than 45 projects totaling over 16.09 lakh square feet of developed area. Its current portfolio includes 13 ongoing projects with a total RERA saleable carpet area of 7.55 lakhs sq ft and 16 upcoming projects with an estimated saleable carpet area of 11.57 lakhs square feet.

UP RERA approves six projects worth ₹864 crore across five districts

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said it has approved six new real estate projects involving a proposed investment of Rs 863.94 crore across five districts of the state. The approved projects, spread across Bareilly, Kanpur Nagar, Noida, Lucknow and Varanasi, will together develop around 1,470 residential and commercial units, UP RERA said in a statement. According to the authority, Bareilly received approval for two projects, while Kanpur Nagar, Noida, Lucknow and Varanasi were each cleared for one project. The highest proposed investment is in Noida at Rs 444 crore, followed by Kanpur Nagar at Rs 173.64 crore, Lucknow at Rs 136.94 crore, Bareilly at Rs 60.42 crore for its two projects, and Varanasi at Rs 48.94 crore. Most of the projects are residential, while those in Lucknow and Noida are commercial. "The distribution of projects reflects balanced real estate growth across the state and growing investor interest in different regions," UP RERA said i