Real Estate Firms

Embassy Developments to spend ₹2k cr in FY27 on construction activities: MD

Realty firm Embassy Developments Ltd will invest around Rs 2,000 crore this fiscal in construction activities across various projects to ensure timely completion, a top company official said. Embassy Developments, part of Bengaluru-based Embassy Group, had invested nearly Rs 1,200 crore during the 2025-26 financial year. In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani said, "We will be stepping up investment on construction activities this fiscal to Rs 1800-2000 crore. He said the construction work is progressing well across all ongoing residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. Virwani said the construction cost has gone up by around 5-6 per cent due to a rise in prices of raw materials because of the West Asia conflict. Labour wages too have increased. On the operational front, he noted that sales bookings last fiscal more than doubled to Rs 4631 crore on strong consumer demand, which continues to shift

Realtors brace for project delays as Iran war disrupts supply chains

Developers brace for up to year-long project delays as the prolonged West Asia conflict raises costs, disrupts supplies and worsens labour shortages

Opendoor shuts India operations, lays off 250 employees amid AI push

Layoffs reflect rising concerns over AI-driven job displacement in entry-level and back-office roles, alongside growing US policy pressure to shift more work onshore

Extended West Asia war threatens delivery of over 500,000 homes in India

Housing demand remains resilient and project financing is better than in previous cycles, says Anarock

Embassy Developments sees FY27 pre-sales at ₹8,000 cr: MD Aditya Virwani

Realty firm Embassy Developments Ltd is expecting a 73 per cent growth in sales bookings this fiscal year to Rs 8,000 crore as housing demand continues to be strong across major cities, a top company official said. In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani highlighted that the company performed well during 2025-26 with sales bookings rising 128 per cent to Rs 4,631 crore, slightly short of the annual guidance. He noted that the demand for well-designed and high-quality residential properties continues to be robust, especially for branded players having strong execution track record. About the outlook for the current fiscal year, Virwani said, "We are targeting Rs 8,000 crore worth of sales bookings in 2026-27." This includes Rs 2,000 crore worth of sales bookings or pre-sales in two housing projects that the company is building on a DM (development management) model, he added. In the two DM projects, the company would build as well as sell

Gurugram to get India's tallest building under Haryana's Global City plan

HSIIDC has identified a 6.7-acre plot in Haryana's Global City project for a proposed 620-700 metre mixed-use tower that could become India's tallest building

RBI's rate pause seen supporting housing demand, project execution

Real estate developers and consultants said RBI's decision to keep rates unchanged will support housing demand, project execution and investor confidence despite rising cost pressures

Pan-Indian expansion a major strategic focus for top listed developers

Listed developers' FY26 pre-sales rise 18% YoY to ₹1.48 trillion, driven by multi-city expansion

Godrej, JSW, Lodha and Sattva family offices back SILA's platform

These are secondary investments, and the selling shareholders are angel investors

Kalpataru signs cluster redevelopment project with ₹1,250 cr GDV in MMR

The cluster redevelopment project in Kandivali East spans 2.8 acres and comprises five adjacent societies with residential and high-street retail development

India beats APAC peers with highest real estate yields in region: CBRE

India's real estate market is emerging as a preferred investment destination in Asia-Pacific, backed by strong occupier demand, higher yields and rising institutional capital flows

Puravankara Q4FY26 result: Net profit at ₹110 crore, revenue doubles

Realty firm Puravankara Ltd has reported a consolidated net profit of Rs 109.95 crore in the March quarter on better income. The company had posted a net loss of Rs 88 crore in the year-ago period. Total income more than doubled to Rs 1,540.99 crore during the January-March period of 2025-26 from Rs 563.70 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. During the 2025-26, Puravankara Ltd net profit stood at Rs 56.75 crore as against a net loss of 182.92 crore in the preceding year. Total income increased to Rs 3,846.42 crore last fiscal from Rs 2,093.13 crore in the preceding year. As of March 31, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is 40 million sq ft and ongoing projects add up to 36.69 million sq ft.

Signature Global to invest ₹3,500 cr on land buying, construction: Chairman

Realty firm Signature Global will invest around Rs 3,500 crore this fiscal year on land acquisition in Gurugram region and construction activities as it maintains positive outlook towards housing demand despite global uncertainties, its Chairman Pradeep Aggarwal said. In an interview with PTI, he noted that the Gurugram housing market did face "little bit of softness" on demand side during the second half of the 2025-26 fiscal year, after registering a sharp rally in sales as well as prices during 2022-2024 calendar years. However, Aggarwal strongly believes that the Gurugram housing market would return to normalcy this fiscal year. On the growth plans and targets for 2026-27 fiscal year, he said the company has set a target to achieve 21 per cent growth in sales bookings this fiscal year to Rs 10,000 crore on strong launch pipeline and residual inventories in the under-construction real estate projects. "We will be investing around Rs 2,000 crore on construction activities this ..

Wadhwa Group partners with Arisinfra Solutions for ₹650 cr project in MMR

Wadhwa Group has partnered with ArisUnitern RE Solutions for its Wadhwa Wise City township in Panvel to monetise inventory worth ₹650 crore

SP Group unit receives debt downgrade ahead of $3 billion refinancing

The ‌real estate and civil engineering firm's non-convertible debentures were downgraded to B+, from BB-, CareEdge said on Wednesday

Mahindra Lifespace pre-sales rise 21% to ₹3,405 cr in FY26 on strong demand

Realty firm Mahindra Lifespace Developers Ltd's sales bookings rose 21 per cent to Rs 3,405 crore last fiscal on better demand for its residential properties. Its sales bookings or pre-sales stood at Rs 2,804 crore in the 2024-25 fiscal. In its housing business, the fund collection from customers increased to Rs 2,107 crore last fiscal from Rs 1,831 crore in 2024-25. Most of the listed real estate developers performed well during the last fiscal in terms of sales bookings, even though there has been a slowdown in the pre-sales of the overall market because of a sharp rise in the price post COVID pandemic. Lower supply in the affordable and mid-income housing segments also contributed to the sluggish pre-sales. In the real estate sector, the sales bookings are an important operational metrics. The company recognises revenues on either percentage of completion method or when the entire project gets completed. On Tuesday, Mahindra Lifespace reported a 6 per cent increase in its ...

Japan's MUFG to foray into Indian real estate, expand forex derivatives

Japan's biggest bank is setting up a team which will start operations this financial year, Shashank Joshi, MUFG India's deputy chief executive officer said

​Listed Indian realty firms acquire 1,433 acres of land in FY26: Report

Among the leading listed players, Godrej Properties led the pack with 17 deals across 443.5 acres

India's Q1CY26 real-estate deal value declines 36% to $763 million

Deal volumes rise 14 per cent year-on-year to 32 in Q1 2026, while values fall 36 per cent amid absence of large-ticket transactions and shift toward smaller deals

Inflows into Indian realty jump 72% to $5.1 billion in Q1 2026: CBRE

The investment momentum was mainly led by substantial inflows into built-up office assets and continued activity in land/development site acquisitions