Page 3 - Real Estate Firms

Signature Global net debt doubles to ₹390 cr in Q1, pre-sales down 25%

Realty firm Signature Global Ltd's net debt has almost doubled to Rs 390 crore during the first quarter of this fiscal compared with March-end as the company looks to expand business. Its net debt stood at Rs 200 crore as on March 31, 2026. "As of June 30, 2026, the company maintained cash and bank balances (including fixed deposits) of Rs 25.22 billion, reinforcing its strong balance sheet and providing sufficient financial flexibility to support future growth and operational requirements," Signature Global said in a regulatory filing on Tuesday. The company on Tuesday reported a 25 per cent decline in its sales bookings to Rs 1,970 crore for the first quarter of this fiscal amid lower volumes. Its sales bookings or pre-sales stood at Rs 2,640 crore in the year-ago period. For the current fiscal year, Gurugram-based Signature Global has given a pre-sales guidance of Rs 10,000 crore. The company sold properties worth Rs 8,250 crore in the 2025-26 fiscal and became the fifth-large

Puravankara's Q1 FY27 pre-sales rise 28% to ₹1,439 crore on higher demand

The Bengaluru-based real estate developer reported a 40 per cent rise in collections and an 18 per cent increase in average price realisation, while reaffirming its FY27 sales guidance

Keystone Realtors' Q1 sales bookings fall 42% to ₹617 cr on no new launches

Keystone Realtors Ltd has posted a 42 per cent decline in its sales bookings to Rs 617 crore for the quarter ended June as it did not launch any new project. The company had sold properties, primarily housing, worth Rs 1,068 crore in the year-ago period. Mumbai-based listed developer has shared its operational update for April-June quarter of FY27. " Given that there was no new launch planned in Q1FY27, pre-sales were mainly supported by resilient sustenance sales, reflecting continued buyer interest and sustained homebuyer confidence in the company's projects," Keystone Realtors said. With general improvement in economic situation due to stability in geo-political situation, the company said it expects pickup in sales in the upcoming quarters. The collections of funds from customers rose to Rs 599 crore in Q1FY27 as compared to Rs 575 crore in the year-ago period. Boman Irani, CMD of Keystone Realtors Ltd, said, "Q1, FY27 marks a steady start to the year as we build on the stro

Realty index up 43% from 2026 low, turns positive YTD; what lies ahead?

The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why

Embassy Developments raises NCD fundraising limit to ₹1,570 crore

Board increases issue size nearly fourfold from ₹400 crore; proceeds may be used for debt refinancing, project construction, working capital and general corporate purposes

Real estate firm K Raheja delays $700 million IPO plan by at least a year

The company now intends to revisit the plan once it has achieved greater scale, potentially allowing it to pursue a larger offering and command a higher valuation

Oberoi Realty sells luxury homes worth ₹8,109 cr in first Delhi-NCR project

Mumbai-based Oberoi Realty Ltd on Sunday said it has sold luxury homes worth Rs 8,109 crore in its newly launched project in Gurugram on strong consumer demand. The company had on June 29 announced its foray into the Delhi-NCR market with the launch of its first luxury housing project with a total investment of Rs 6,000 crore and a revenue potential of Rs 16,000 crore. In a regulatory filing on Sunday, Oberoi Realty said that it has "recorded gross bookings of approximately Rs 8,109 crore at 'Three Sixty North', its first luxury residential development in the NCR." The company has sold 13.52 lakh sq ft of RERA carpet area (23.10 lakh sq ft of saleable area) in this 14.8 acre project, it added. The company has launched the first phase of its housing project, located at Golf Course Extension Road in Gurugram, comprising 832 units across six towers. "We are launching our first project in Delhi-NCR. We feel confident now that our brand is transportable to the NCR market," Oberoi Realt

Indian Reits Association appoints KRT CEO Shirish Godbole as chairperson

Knowledge Realty Trust CEO succeeds Brookfield India REIT's Alok Aggarwal, who stepped down following his retirement

India's Q2 2026 retail leasing grows 17.6% YoY amid sustained demand: Rpt

Gross leasing touches 2.4 million sq ft as sustained occupier demand, low vacancies and limited Grade A mall supply support rental growth

Oberoi Realty to invest ₹6,000 cr to build first Delhi-NCR housing project

Mumbai-based Oberoi Realty on Monday announced its foray into the Delhi-NCR market with the launch of its first luxury housing project with a total investment of Rs 6,000 crore. The company launched the first phase of its housing project 'Three Sixty North', located at Golf Course Extension Road in Gurugram, comprising 832 units across 6 towers. "We are launching our first project in Delhi-NCR. We feel confident now that our brand is transportable to the NCR market," Oberoi Realty CMD Vikas Oberoi told reporters in Gurugram. The company has launched the first phase at a basic selling price of Rs 35,000 per sq ft. "The total revenue potential of this project, including the two phases, is Rs 16,000 crore," Oberoi said. Asked about the investment, he said the project cost would be around Rs 6,000 crore for both phases. In the first phase, the starting price is Rs 19 crore. The size of the apartments ranges from Rs 5,600 sq ft to 8,500 sq ft. The size of the penthouse is 13,000 sq

Prestige Group holds ₹65,000 cr unrecognised revenue on pre-sales: Chairman

Realty firm Prestige Estates Projects Ltd has around Rs 65,000 crore of unrecognised revenue in its account, driven by strong sales of its housing properties during the last three financial years. Prestige Estates achieved a record sales bookings of Rs 30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We have got about Rs 65,000 crore of unrecognised revenue in the book. It is not a small amount". He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method. On the outlook for the current fiscal, the company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite glo

National developers expand footprint in Delhi-NCR housing market

Share of national developers in Delhi-NCR's residential supply has risen from 3 per cent in 2022 to over 13 per cent, driven by premium housing demand and infrastructure growth

Prestige to launch 2 housing projects in Delhi-NCR, eyes ₹7,000 cr revenue

Realty firm Prestige Estates Projects plans to launch two new housing projects in Delhi-NCR this fiscal with an estimated revenue of nearly Rs 7,000 crore as part of its expansion plan. In April last year, Bengaluru-based Prestige Group launched its first housing project in Delhi-NCR with a total revenue potential of around Rs 12,000 crore. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We are quite bullish on the Delhi-NCR market. We did sales bookings of around Rs 10,000 crore in the NCR market during the last fiscal". He said the company would launch two new housing projects in Delhi-NCR this fiscal, one each in Noida and Gurugram. The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at Rs 6,800 crore, as per the company's latest investor presentation. "Debuted in the residential NCR market with 'Prestige City Indirapuram', which met a resounding response and clocked over Rs 9,500

JSW Realty seeks ₹1,600 crore loan from Tata Capital for Mumbai project

The developer is seeking the five-year loan to fund an office project near Mumbai's Bandra business district

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