Page 6 - Real Estate Firms

Brigade Enterprises targets Rs 2,100 cr from new housing project in Chennai

Realty firm Brigade Enterprises is targeting a revenue of Rs 2,100 crore from its new housing project in Chennai. The company has launched a 14.7-acre project Brigade Morgan Heights, located along the Sholinganallur-Medavakkam road in Chennai, comprising 1,250 units. The gross development value of this project is about Rs 2,100 crore, the company said in a regulatory filing on Saturday. The project, which has a total development potential of 2.2 million (22 lakh) square feet, will be developed under a joint development agreement (JDA). Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high-quality residential developments in upcoming urban corridors". Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City.

Real estate institutional capital flows in H1CY25 decline by 37% Y-o-Y: JLL

JLL data shows institutional real estate investments declined to $3.1 billion in H1CY25 amid global uncertainty, with Blackstone's Kolte-Patil deal leading the pack

Realty to see institutional investments fall 37% to $3 bn in Jan-Jun: JLL

Institutional investments in Indian real estate are estimated to decline 37 per cent to USD 3.06 billion during the first half of this year on global economic uncertainties, according to JLL. Real estate consultant JLL India data showed that institutional investments in Indian real estate are likely to fall to USD 3.06 million in the January-June period this year as compared to USD 4.89 billion in the year-ago period. Foreign investors' share in total institutional investments in Indian real estate is 68 per cent, while domestic players infused 32 per cent during the first half of the 2025 calendar year. "Investment transactions are experiencing extended timelines due to the challenging international economic conditions and political uncertainties," the consultant pointed out. Institutional investors continue to participate through public market channels, including Real Estate Investment Trusts (REITs), Qualified Institutional Placement (QIPs) and investments in listed entities, it

Godrej Properties sells over 1,450 homes for Rs 2,000 cr in Bengaluru

Godrej Properties Ltd has sold more than 1,450 flats for over Rs 2,000 crore in its new project in Bengaluru, as consumer demand for premium apartments remains strong. In a regulatory filing on Monday, Godrej Properties informed that it has "sold inventory worth over Rs 2,000 crore during the launch of the first phase of the project, Barca at Godrej MSR City, located in Devanahalli, Bengaluru." The project was launched in April 2025. The company sold over 1,450 homes with more than 2.2 million (22 lakh) square feet of area in the first phase of the project. Godrej MSR City, a township project, has a developable potential of around 5.6 million (56 lakh) square feet and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. Gaurav Pandey, MD & CEO, Godrej Properties, said, "The strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity, and long-term ...

Raymond Realty to launch ₹14,000 cr projects in FY26, listing on July 1

Raymond Realty will launch six residential projects this fiscal in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore as the company looks to expand the property business amid strong demand. In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, post demerger of the real estate vertical from Raymond Ltd, which will now focus on just the engineering vertical. The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR). "In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said. "The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Out of that Rs 10,500 crore worth of projects h

IPO-bound Kalpataru sells properties worth Rs 2,727 cr in Apr-Dec FY25

Real estate developer Kalpataru Ltd, which will launch Rs 1,590-crore IPO next week, sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in 2023-24, according to its updated red herring prospectus (RHP) filed with Sebi. The latest document has updates till the third quarter of the 2024-25 fiscal only. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also into the redevelopment of societies. The company has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore initial public offering (IPO), which will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will open on June 23. The company's IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to util

Raymond Realty eyes 20% Ebitda growth in FY26 ahead of July listing

Spun off from Raymond, the real estate arm expects 20 per cent Ebitda growth and 20-25 per cent bookings rise in FY26 as it prepares for listing in early July

Blackstone-Sattva REIT to raise ₹4,800 crore via IPO in August 2025

Knowledge Realty Trust to be India's fifth listed REIT with 48 msf leasable area, second-largest in Asia, and largest in India by NOI and gross asset value

New home supply in top 15 tier-II cities falls 35% in Jan-Mar: PropEquity

India's 15 major tier-II cities witnessed a 35 per cent fall in new supply of housing properties to 30,155 units during January-March, according to PropEquity. Real estate data analytics firm PropEquity said the new supply stood at 45,901 units in the first quarter of 2024 calendar year. Samir Jasuja, Founder and CEO of PropEquity, said, "The decline in supply is a result of cautious approach and shifting priorities by developers. Financially robust developers with strong balance sheet look to launch premium homes in order to increase their profit margin." As per the data, new housing supply in Ahmedabad fell 35 per cent to 11,096 units during January-March 2025 from 17,108 units in the year-ago period. Gandhinagar saw a decline of 10 per cent in housing supply to 4,356 units from 4,825 units during the period under review. Fresh housing supply slipped 39 per cent in Surat to 3,309 units from 5,439 units. In Nashik, the new supply decreased 2 per cent to 2,466 units from 2,509 ..

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