Page 3 - Real Estate Firms

Keystone Realtors to redevelop 8 societies in Mumbai, eyes ₹1,775 cr

Keystone Realtors Ltd will redevelop 8 housing societies in Mumbai and is expecting a revenue of Rs 1,775 crore from free sale area of around 5 lakh square feet in the upcoming project. Mumbai-based Keystone Realtors sells properties under 'Rustomjee' brand. In a regulatory filing on Monday, the company informed that it has been appointed as the developer for a large society redevelopment project of Om Nagar Co-operative Housing Society Federation Limited. The project involves the redevelopment of eight housing societies on a total land parcel of 20,569.90 square metres at Andheri (East), Mumbai. "The proposed redevelopment will result in the rehousing of 637 existing members across all societies and is expected to unlock a significant free sale potential of about 5 lakh sq ft of RERA carpet area, with an estimated Gross Development Value (GDV) of Rs 1,775 crore," the company said. Keystone Realtors CMD Boman Irani said the company is increasing its focus on large society ...

SC remarks likely to help strengthen Rera and real estate industry

Experts said it is likely to push regulators toward stricter oversight, faster adjudication and more uniform application of rules, thereby raising compliance standards across the board

Anvita Group eyes global expansion with US residential community launch

Realty firm Anvitha Group is rapidly advancing towards a major global expansion by launching a 17-acre residential community in Dallas, US, and setting up its international corporate office there, company sources said on Sunday. The city-based group, which currently has projects spanning 10 million square feet under construction, said additionally, a large-scale project comprising 1,700 villas over 500 acres is in the pipeline in the US and announced plans to launch a new real estate project in Dubai later this year. Anvita currently serves 1,800 customers and has participated in several major projects in Dubai. The company employs 300 professionals directly and provides indirect employment to approximately 6,000 individuals, a press release from the company said. Over the next three years, the workforce is expected to grow to 1,000 employees, with indirect employment rising to 15,000. Company Director Vijay Raju expressed confidence that Anvita will soon establish itself as one o

Study underway to address height curbs near airports: Aviation minister

India aims to have 50 more airports in the next five years which will also create huge opportunities for the country's real estate sector, Civil Aviation Minister K Rammohan Naidu said on Friday. Noting that airports are the "scaffolding" for the real estate sector, the minister also said that he is working actively to address issues related to height restrictions for buildings near airports without compromising on aviation safety. India is one of the world's fastest growing civil aviation markets and currently, there are 165 operational airports in the country. On an average, a new airport or a new terminal is built every 33 days, Naidu said. He was speaking at the National Urban and Real Estate Development Conclave 2026 organised by real estate industry body Naredco in the national capital. Highlighting the growth potential of the country's real estate sector, he said the segment is projected to be worth USD 1 trillion by 2030 and further increase to be valued at USD 5-7 trillio

Puravankara posts ₹58 crore net profit in Q3FY26, revenue up 231%

Bengaluru-based developer swings to profit in Q3FY26 on improved execution, timely project deliveries and stronger cash flows; revenue rises over 231 per cent year-on-year

Housing sales in top 15 tier-II cities dip 10%, launches fall 6%: Report

Sales volumes in top 15 Tier II cities fall 10% to 1.56 lakh units in 2025, while value stays flat at Rs 1.48 trillion as premium housing gains share, says PropEquity

Brigade Group expands Kerala footprint with WTC, Brigade Square launch

Bengaluru-based Brigade Group unveils World Trade Center and Brigade Square in Thiruvananthapuram, boosting its commercial real estate footprint in Kerala

Oberoi Realty tops bid for Railway land in Mumbai's Bandra for ₹5,400 cr

Mumbai-based Oberoi Realty has emerged as the highest bidder for an 11-acre Railway land parcel in Bandra East for ₹5,400 crore, securing development rights on a 99-year lease

Oberoi Realty wins bid for 11-acre land in Mumbai for Rs 5,400 cr

Oberoi Realty has emerged as the highest bidder for an 11-acre land in Mumbai with a bid value of Rs 5,400 crore. In a regulatory filing, the company said it had participated in the bids invited by Railway Land Development Authority (RLDA) for the grant of a lease for the development of 45,371 sq metre (about 11 acres) of railway land in Bandra East for 99 years, with Floor Space Index (FSI) potential of 19.50 lakh sq ft. The financial bids were opened by RLDA on Wednesday. "The company's bid at Rs 5,400 crore has emerged as the highest," it said. Oberoi Realty said the communication from RLDA with respect to the next steps in the process is awaited. Last month, the company reported a marginal increase in consolidated net profit to Rs 622.64 crore for the quarter ended December 31, 2025. Its net profit stood at Rs 618.38 crore in the year-ago period. Total income rose to Rs 1,561.74 crore in the third quarter of this fiscal, from Rs 1,460.27 crore in the corresponding period of

Godrej Properties sells plots worth over ₹1,000 cr at project in Panipat

Godrej Properties said it has sold over 600 plots worth more than ₹1,000 crore at its Evora Estate project in Panipat, marking its most successful plotted development launch by value

Real-estate firm Confident Group's founder CJ Roy dies by suicide

Confident Group founder C.J. Roy dies by suicide in Bengaluru amid reported income tax raids, police say investigation is underway

DLF yet to recognise over ₹55,000 crore revenue from sales booked till Q3

Realty major DLF Ltd is yet to recognise over Rs 55,000 crore revenue in its financial accounts from the total sales bookings done till December quarter of this fiscal. In its latest investors presentation, DLF Ltd said that the company has sold properties, primarily housing worth Rs 79,885 crore across its existing projects. Till December quarter of this fiscal, the company has recognised revenue of Rs 24,460 crore. The balance revenue to be recognised from sales booked stood at Rs 55,425 crore, the presentation said. DLF is developing residential projects mainly in Delhi-NCR, Mumbai, Tri-city (Chandigarh). In the real estate sector, the developers take advances from customers against sales booked. The revenue gets recognised after the completion of construction of projects or on the basis of percentage of completion method. DLF, the country's largest realty firm in terms of market capitalisation, reported a 16 per cent decline in sales bookings to Rs 16,176 crore in the first

Elan Group awards ₹840 crore construction contract to Tata Projects

Elan Group awards an Rs 840 crore construction contract to Tata Projects for its ultra-luxury residential project 'Elan-The Statement' in Sector 49, Gurugram

Embassy Developments to invest ₹7,000 crore in Mumbai housing market

Realty firm Embassy Developments on Tuesday said it will invest Rs 7,000 crore in the Mumbai property market to build three new luxury housing projects and complete three ongoing properties as part of its strategy to expand business amid strong consumer demand. Embassy Developments Ltd (EDL) will soon launch three projects at Juhu, Worli and Alibaug in the Mumbai Metropolitan Region (MMR). EDL, erstwhile Indiabulls Real Estate Ltd, is listed on stock exchanges as one of the leading real estate companies in the country. Bengaluru-based Embassy Group also has two other listed firms -- WeWork India and Embassy Office Parks REIT. "We are ready for the next chapter of growth in Mumbai," EDL Chairman Jitu Virwani told reporters here. He said the housing demand continues to be strong. "Mumbai is an important market for us. We will be investing Rs 7,000 crore in MMR," EDL Managing Director Aditya Virwani told reporters here. He said the investments will be focused on completing the thre

Property developer K Raheja weighs IPO that could raise up to $700 million

K Raheja has yet to formally appoint advisers and key details including the timing, structure, and size of the deal could still change

Sunteck Realty to launch ₹3,000 crore ultra-luxury goregaon project

Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29

Residential assets lead as Gurugram attracts ₹86K cr investments in 2025

With ₹86,588 crore in projects cleared in 2025, Gurugram cements its place as India's hottest real estate hub-spanning premium homes, IT parks and mass housing

Prestige Estates Q3FY26 sales bookings jump 39% to ₹4,184 cr on high demand

Realty firm Prestige Estates Projects Ltd has reported a 39 per cent increase in its sales bookings to Rs 4183.6 crore in the third quarter of this financial year on better demand for its housing properties. In a regulatory filing late Wednesday, the Bengaluru-based company informed that the company's sales bookings or pre-sales jumped over two times to Rs 22,327.3 crore during the first nine months of this fiscal year. Irfan Razack, Chairman & Managing Director, Prestige Estates Projects Ltd, said, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning," he added. Sales volume stood at 2.99 million sq ft in the third ...

Why did Omaxe shares skyrocket 17% in trade today? Find out here

At 1:10 PM, Omaxe shares were trading 16.15 per cent higher at ₹84.30 per share. By comparison, BSE Sensex was trading 0.6 per cent lower at 83,371.45 levels.

Lodha Developers acquires 5 land parcels in Q3 for projects worth ₹34k cr

Realty firm Lodha Developers Ltd has acquired 5 land parcels in Mumbai, Delhi-NCR, and Bengaluru in the last quarter to develop projects, which have an estimated sales value of nearly Rs 34,000 crore. Mumbai-based Lodha Developers Ltd, which sells properties under the Lodha brand, acquires land parcels through outright purchases and partnerships with landowners to create a strong pipeline of future projects. According to the company's latest operational update on stock exchanges, Lodha Developers acquired five land parcels in the October-December period of the 2025-26 fiscal across Mumbai Metropolitan Region (MMR), Delhi-NCR, and Bengaluru. The company would develop real estate projects, primarily housing, on these land parcels. The total revenue potential of these five projects is estimated at Rs 33,800 crore. "In Q3, FY26, we added five projects with GDV (gross development value) of Rs 338 billion (Rs 33,800 crore) in MMR, NCR and Bengaluru," Lodha said in the update. The GDV i