Page 2 - Real Estate Firms

Brigade Enterprises sales bookings dip 5% to ₹1,061 crore in Apr-Jun

Realty firm Brigade Enterprises Ltd's sales bookings fell 5 per cent to Rs 1,061 crore during the first quarter of this fiscal on lower volumes. Its sales bookings or pre-sales stood at Rs 1,118 crore in the year-ago period. In its latest investor presentation, the company said it achieved pre-sales of Rs 1,061 crore with a volume of 0.74 million sq ft in the April-June quarter of the 2026-27 fiscal. The sales volumes dropped 22 per cent from 0.94 million sq ft in the first quarter of the last financial year. However, the average sales realisation stood at Rs 14,256 per sq ft during the June quarter, a growth of 21 per cent over the year-ago period. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country. Recently, the company reported a 37 per cent increase in its consolidated net profit to Rs 216.94 crore for the quarter ended June. Its net profit stood at Rs 157.95 crore in the year-ago period. Total income fell to Rs 1,179.22 crore in

Shriram Properties Q1FY27 results: Net profit down 46% to ₹11 crore

Realty firm Shriram Properties has reported a 46 per cent decline in consolidated net profit to Rs 11.04 crore for the quarter ended June 30, mainly on higher expenses. The company's net profit stood at Rs 20.59 crore in the year-ago period. Total income, however, rose marginally to Rs 271.04 crore in the first quarter of this fiscal from Rs 261.54 crore in the corresponding period of the preceding year, according to a regulatory filing on Wednesday. The company's operational expenses and tax outgo increased during the April-June quarter while it also posted a loss in joint venture projects. On operational performance, Shriram Properties posted a 10 per cent increase in sales bookings to Rs 484 crore during the first quarter of this fiscal. "We have commenced FY27 on a strong note, with robust operational performance and encouraging customer response to our new launches across Chennai and Kolkata," Murali M, Chairman and Managing Director of Shriram Properties, said. With a healt

Top 11 developers target ₹1.8 trillion in pre-sales for FY27: Report

Anarock expects combined bookings to rise 22.3 per cent year-on-year, supported by steady demand, new launches and higher average selling prices

Tribeca, Ira Realty to invest ₹2,000 cr to build Trump Towers in Hyderabad

Tribeca Developers and Ira Realty on Tuesday said they will develop a Trump-branded luxury housing project here with a total investment of about Rs 2,000 crore. The Trump Towers project, located at Golden Mile Road in Kokapet, comprises two 65-storey buildings with 450 apartments, including 16 penthouses. The total developable area will be 22 lakh sq ft. Mumbai-based Tribeca Developer is the official representative of the Trump brand in India. This is the eighth Trump-branded project in India and the first in South India. Out of the eight Trump-branded projects announced in India so far, four are completed in Pune, Mumbai, Kolkata and Gurugram. Kalpesh Mehta, founder of Tribeca Developers, said the company brought the Trump brand to India in 2014. "Since then we have launched projects in Mumbai, Pune, Gurugram, Noida and Kolkata, but we have not yet penetrated South India, and that changes today. Hyderabad has been on our radar for a very long time." Asked about investment, Meht

Green debt share in Reit borrowings doubles to 12% in four years: Icra

Outstanding green borrowings rose nearly sevenfold to ₹8,400 crore by March 2026, while Icra expects their share in total Reit debt to reach 15-17 per cent

Mahindra Group steps up focus on real estate, hospitality for growth

The group stated that over the last five years, it has seen significant momentum across all its businesses, with its 'growth gems' being an important pillar of this growth

Nexus Select Trust eyes two eastern India mall deals in 60-90 days

The Blackstone-backed Reit plans two to three acquisitions annually and aims to add Rs 125-150 crore of stabilised net operating income through inorganic growth

Kolte-Patil eyes ₹6,000 cr from 6 projects in Mumbai Metropolitan Region

Realty firm Kolte-Patil Developers on Thursday said it will redevelop six societies across the Mumbai Metropolitan Region (MMR) and is expecting a total revenue of Rs 6,000 crore from these upcoming properties. In a regulatory filing, Pune-based Kolte-Patil Developers informed that it has added six society redevelopment projects across prime locations in the MMR. The combined estimated revenue potential of the six projects is Rs 6,000 crore. These societies are located in Santacruz West, Andheri West (Lokhandwala), Oshiwara, Versova, Ghatkopar East and Vashi. The projects would be launched in 6-12 months. Kolte-Patil Developers Ltd has completed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks covering a saleable area of more than 33 million square feet across Pune, Mumbai and Bengaluru. In the 2025-26 fiscal, the company entered into a strategic partnership with global investment firm Blackstone, which acquired a 40 per c

Realty firms welcome repo rate pause, see support for housing demand

Developers said stable borrowing costs would support buyer confidence and project execution, though Anarock cautioned that the pause may not revive mass-market housing

Uttar Pradesh logs 53% jump in real estate investment at ₹68,328 crore

This was higher than the capital investments of ₹28,411 crore and ₹44,526 crore in the housing and commercial real estate recorded during calendar years 2023 and 2024 respectively

Assetz files confidential IPO papers with Sebi to raise ₹1,200 crore

Real estate developer Assetz Ltd has filed preliminary papers with markets regulator Sebi using the confidential route to raise around Rs 1,200 crore through an initial public offering (IPO). The proposed listing would mark the public-market debut of one of Bengaluru's fastest-growing residential developers, which counts Singapore-based investment fund AGP Partners as a key shareholder. In a public notice on Saturday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". According to people familiar with the matter, the IPO size is pegged around Rs 1,200 crore. JM Financial, BofA Securities India, and Motilal Oswal Investment Advisors are the book-running lead managers to the proposed issue, they added. Under the confidential pre-filing route, companies are allowed to keep their draft offer documents out of the

Lloyds Realty secures ₹600 crore rental revenue from Smartworks deal

The developer has leased the entire 182,300 sq ft of its Andheri East commercial tower, The Square, to Smartworks for 15 years

Lodha Developers targets 20% profit growth to ₹4,100 crore in FY27

Realty firm Lodha Developers Ltd is targeting 20 per cent annual growth in net profit this fiscal to Rs 4,100 crore on better demand for its housing properties and strong execution of projects. In its latest investors presentation, Mumbai-based Lodha Developers highlighted that the company has achieved best ever quarterly profit during April-June period of 2026-27 fiscal. The company's profit doubled to Rs 1,373.1 crore in April-June from Rs 675 crore in the year-ago period. On the profit after tax (PAT), Lodha Developers said the company has already achieved 33 per cent of the total guidance of Rs 4,100 crore for the entire 2026-27 fiscal. The PAT margin improved to 26.9 per cent in June quarter of FY27 from 18.6 per cent a year ago. Total income rose to Rs 5,096.7 crore from Rs 3,624.7 crore. During the entire 2025-26 fiscal, Lodha Developers logged a net profit of Rs 3,430.7 crore on a total income of Rs 17,119.5 crore. In the presentation, Lodha Developers noted that the comp

Delhi-NCR retail space leasing jumps 78% to 1.3 million sq ft in H1: C&W

Leasing of retail spaces at shopping malls and high streets in Delhi-NCR increased 78 per cent to 1.3 million sq ft during January-June, driven by expansion by fashion retailers, food & beverage firms and departmental stores, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield's data showed that leasing activities were buoyant in shopping malls during the first half of this year. "Retail leasing in H1-26 totalled 1.3 million sq ft - an increase of 78 per cent year-on-year (Y-o-Y). Main Street leasing during H1-26 registered 4 per cent y-o-y growth, while mall leasing grew 2 times in the same period," the report said. The consultant noted that the fashion segment led H1-26 leasing with a 28 per cent share, followed by food and beverage (F&B) (16 per cent) and department store (12 per cent). The fashion and department store segments have witnessed the highest absolute increase in leasing volume during H1-26 compared to the same period last year, .

Gulshan Group plans ₹1,000 crore premium housing project at Wave City

Gulshan Empire will offer 500 premium residences across 5.5 acres, with homes starting at ₹2.2 crore and estimated sales realisation exceeding ₹1,200 crore

Amit Diwan takes charge of Hines' APAC and Middle East operations

The former head of Hines India will oversee operations across two regions identified by the global real estate investment manager as key engines of long-term growth

Prestige Group unveils 3 housing projects with ₹12,000 cr revenue potential

Realty firm Prestige Estates Projects Ltd has launched three housing projects during the April-June quarter with an estimated revenue of Rs 12,000 crore, as part of its expansion plan amid strong demand. In its latest operational update, Bengaluru-based Prestige Estates Projects informed that the company launched four projects with a combined developable area of 20.16 million square feet. Out of four projects, three are residential properties in Hyderabad, Bengaluru and Mumbai. One commercial project with a developable area of 3 million sq ft is in Bengaluru. The company said the total revenue potential for these three residential projects is estimated at Rs 12,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum." Earlier, Razack had told PTI that the company has

Aurum Proptech acquires Housing.com for ₹458 cr, eyes AI integration

Firm aiming to build India's first AI Native Realty Operating System

Aurum PropTech acquires Housing.com in all-equity deal to expand business

Realty firm Aurum PropTech Ltd on Thursday announced the acquisition of property classified platform Housing.com in an all-equity deal, as part of its strategy to expand business. Housing.com is owned by Australia's REA Group. In a regulatory filing, Mumbai-based Aurum PropTech said it has entered into a binding share acquisition agreement for 100 per cent stake in Housing.com in an all-equity transaction. Aurum PropTech will issue 1,97,93,309 equity shares (representing about 20.5 per cent of the enlarged share capital). Following the transaction, REA India's total shareholding in Aurum PropTech will increase to 24.9 per cent. At the current share price, Aurum's market capitalisation is nearly Rs 1,900 crore on the BSE. Earlier, Aurum PropTech had bought housing brokerage platform PropTiger from REA Group. The combination brings together Housing.com and Aurum -- the largest tech-enabled PropTech ecosystem -- into one integrated platform, spanning property discovery, transactions

Raymond Realty partner landowner to build ₹8,500-cr Mumbai housing project

Raymond Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai with an estimated revenue potential of Rs 8,500 crore. In a regulatory filing on Wednesday, the company said it has signed a joint development agreement to develop a residential project in a prime location of Parel, Mumbai. The project has an estimated revenue potential of about Rs 8,500 crore, it added. Raymond Realty did not name the landowner with whom it has entered into the agreement. This is the company's 8th joint development project in Mumbai city. "Parel has always been at the heart of Mumbai's evolution and we are proud to add another landmark to Raymond Realty's growing portfolio through this strategic joint development," Gautam Hari Singhania, Chairman, Raymond Group, said. He said the company's expansion continues to be guided by an asset-light, partnership-led approach that enables it to unlock value in some of Mumbai's most sought-after locations. Raymond Realty, part o