Page 6 - Real Estate Firms

Here's why Omaxe share price is buzzing in trade today; key details inside

Omaxe shares gained after the company announced the launch of its latest integrated township project, New Amritsar, through its subsidiaries.

Here's why Kolte-Patil Developers share is buzzing today, June 11; details

Shares of Kolte-Patil Developers rose on Wednesday after the Competition Commission of India (CCI) approved a proposal by BREP Asia III India Holding Co VII to acquire a 40% stake in the company

Global firms target over 100 mn sq ft workspace: Knight Frank survey

Knight Frank's (Y)OUR SPACE report finds companies are not abandoning offices but seeking better, flexible, ESG-compliant spaces despite global uncertainties

DLF secures RERA approval for Privana North project, launch by Q1-end

DLF has received RERA approval for Privana North in Gurugram, the third phase of its Privana series, and may launch it by the end of the first quarter of FY26

Non-Mumbai builders tap into financial capital via redevelopment projects

Mumbai's redevelopment market is big enough to accomodate more players like Bengaluru-based Sobha and Ahmedabad-based Arvind Smartspaces are evaluating opportunities

India housing outlook steady, but signs of demand fatigue emerging: Poll

Average home prices, which have more than doubled in 11 years, are forecast to rise 6.0 per cent this year and 5.0 per cent next year

Real estate developers build a steady quarter even as demand woes bite

As per Anarock, housing sales across the top Indian cities declined by 28 per cent YoY in Q4 FY25

527 buildings in Navi Mumbai deemed dangerous; audit must for 30-year-olds

As many as 527 buildings in Maharashtra's Navi Mumbai Municipal Corporation (NMMC) limits have been identified as "dangerous" during a survey for 2024-25, the civic body has said. It is mandatory for buildings in use for more than 30 years to undergo a structural audit by a civil or structural engineer registered with the Navi Mumbai Municipal Corporation, the NMMC said in a release issued on Wednesday. "A survey of dangerous buildings under the municipal limits for the year 2024-25 has identified 527 buildings as dangerous" under provisions of the Maharashtra Municipal Corporation Act, it said. The occupants have been advised to vacate such premises immediately, the release said. The civic body has appealed to the residents, owners and institutions to get the structural audits of such buildings conducted and submit the report to the respective assistant civic commissioner or the assistant director of urban planning by September 30. The age of the building is to be determined from

Prestige Estates Q4 results: Net profit declines 82% to Rs 25 crore

Realty firm Prestige Estates Projects Ltd has posted an 82 per cent decline in its consolidated net profit to Rs 25 crore in the quarter ended March. Its net profit stood at Rs 140 crore in the year-ago period. Total income fell to Rs 1,589.3 crore in the fourth quarter of the last financial year from Rs 2,232.5 crore in the corresponding period of the preceding year, according to a regulatory filing on late Thursday. During the 2024-25 fiscal, Prestige Estates' net profit fell sharply to Rs 467.5 crore from Rs 1,374.1 crore in the preceding year. Total income too declined to Rs 7,735.5 crore in the last fiscal from Rs 9,425.3 crore in the 2023-24 fiscal. Prestige Estates has also partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. Prestige Estates informed that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square

Sunteck Realty appointed for ₹1,100 cr redevelopment in Andheri East

Sunteck will redevelop a 2.5-acre housing society in Mumbai's Andheri East with an expected free sale area of 2.75 lakh sq ft and a project value of ₹1,100 crore

Sumadhura enters coworking business with 1.3 lakh sq ft centre in Bengaluru

Realty firm Sumadhura Group has forayed into the co-working business with the opening of its first centre in Bengaluru, covering 1.3 lakh square feet area, as it sees huge demand for managed flexible workspaces from corporates. In a statement on Tuesday, Bengaluru-based Sumadhura Group said it has set up a separate vertical 'workship' to provide premium managed office spaces to corporates. "We have already opened our first centre in Bengaluru and the plan is to add 3 more centres this fiscal with a total portfolio of 5 lakh sq ft area," said Madhusudhan G, Chairman & Managing Director of Sumadhura Group. He said the workship will take office space on lease from the parent firm Sumadhura Group as well as from other builders. In the first centre, Madhusudhan G said the company is providing workspaces at around Rs 15,000 per desk. The first centre is located within Sumadhura's commercial complex - Capitol Towers- in Whitefield, Bengaluru. "India is witnessing a significant shift in

Century Real Estate raises Rs 1,850 cr debt to fund existing, new projects

Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured "Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy". The fund will help in driving the company's expansion strategy and supporting both new and existing projects in Bengaluru. The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy contributed Rs 250 crore to support the development of residential and Grade A commercial spaces. Ravindra Pai, Managing Director, Century Real Estate, said, "Securing Rs 1,850 crore in funding is a testament to the trust our financial partners place in Century Real Estate's vision and execution." With Bengaluru's real estate market witnessing strong demand for both residential and Grade A commercial sp

Real estate stakeholders turn cautious amid global uncertainty: Report

Knight Frank-Naredco Q1 2025 report shows real estate sentiment index dipped amid global volatility, though office market and premium housing stay resilient

Signature Global Q4 results: Net profit rises 48%, revenue down 25%

Realty firm Signature Global saw a record ₹10,290 crore in FY25 pre-sales despite a Q4 revenue decline caused by project launch delays due to pending approvals

Here's why Puravankara share price soared 10% on May 12; details

The uptick in Puravankara share price came after the company announced a joint venture (JV) with KVN Property Holdings LLP, to develop a 24.59-acre land parcel in North Bengaluru.

Prestige Estates to invest Rs 10K cr in 62 acre Ghaziabad township project

Realty firm Prestige Estates Projects Ltd will invest around Rs 10,000 crore over the next six years to develop a 62.5 acre township at Ghaziabad, Uttar Pradesh as it remains bullish on housing demand in Delhi-NCR market. On April 29, Bengaluru-based Prestige Group announced its entry into Delhi-NCR's residential market. It is already developing a commercial project at Delhi's Aerocity comprising hotels and office spaces. "We have entered into Delhi-NCR's housing market with our first project 'Prestige City, Indirapuram'. We want to rewrite the way real estate is done in this region. We do not want to be the biggest but definitely the best developer in the NCR market," Prestige Estates Chairman and Managing Director Irfan Razack told reporters here. He said the company will focus on quality with timely delivery, which has been a problematic issue in the Delhi-NCR property market. Razack said the company will develop around 10 million square feet area, comprising 4,041 homes and aro

Hyderabad holds max vacant office space at 284 lakh sq ft: Vestian

Hyderabad has maximum vacancy in office space at 284 lakh sq ft among seven major cities amid strong supply in last few years, according to real estate consultant Vestian. As per the Vestian data as of March 2025, Hyderabad has a total office stock of 1,620 lakh square feet, of which 284 lakh sq ft or 17.5 per cent area is vacant and yet to be rented out to corporates. The vacancy in Hyderabad came down to 17.5 per cent from 19 per cent as no fresh supply came into the market during January-March period of this year. After Hyderabad, the consultant data showed that Delhi-NCR has vacant office space of 232 lakh sq ft out of total office stock of 1,364 lakh sq ft. The vacancy rate in Delhi-NCR is 17 per cent. Bengaluru, the country's most prominent office market, has a stock of 2,805 lakh square feet and out of that 7.5 per cent or 210 lakh sq ft is vacant. In Chennai, the office vacancy is 7.1 per cent. The total office space stock is 843 lakh sq ft and 60 lakh sq ft is vacant. Of

Aurum PropTech appoints Ashish Deora as non-executive director on board

Aurum PropTech Ltd has appointed Ashish Deora as a non-executive director in the company. In a regulatory filing on Tuesday, Mumbai-based Aurum PropTech informed that its board has approved appointment of Deora, who is the founder and CEO of the company's parent entity Aurum Ventures as a Non-Executive Director. Commenting on the appointment, Deora said, "India PropTech sector represents a USD 100 billion opportunity across consumer tech, enterprise tech and fintech offerings." Since its inception in April 2021, he said the company has strategically combined organic and inorganic routes to grow its business. "As Aurum PropTech continues its journey toward achieving Rs 1,000 crore in revenue, fuelled by our rental, distribution, and capital offerings, I am excited to witness the technology-driven transformation of real estate, making it truly future-ready," said Deora, an alumnus of Harvard Business School. Over the last three decades, Aurum Ventures has entered into various ...

Rainforests and AI assistants: Luxury homes just got more exclusive

Rainforests, swimming pool theaters, artificial beach fronts, wine cellars, wellness areas, AI & smart tech in luxury projects

Bhartiya Group launches new venture, to serve as GCC enablement platform

Group launches Bhartiya Converge, to open offices in US and Europe