Page 7 - Real Estate Firms

Lodha signs development agreement for 20,468 sqm plot in Pune's Wakad

A stamp duty of Rs 8.26 crore was paid by Macrotech for the deal, which was registered in March 2025

Sumadhura Group to invest ₹250 cr in 4 years for Bengaluru housing project

Realty firm Sumadhura Group will invest Rs 250 crore to develop a housing project in Bengaluru. In a statement on Tuesday, the company said it has entered South Bengaluru with the launch of project 'Codename Uru' located in Kenchanhalli. Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs 500 crore. The project, which is expected to be completed by December 2029, will have 297 homes across two towers of 28 floors each. The company will invest about Rs 250 crore over the next four years to develop this housing project. Madhusudhan G, Chairman & Managing Director of Sumadhura Group, said: "South Bengaluru has emerged as a vibrant growth corridor...we see this expansion as a natural step in our vision to create strategically developed and lifestyle-focused communities across Bengaluru." In the past 30 years, the company has delivered 54 projects comprising over 130 lakh square feet, and up to 400 lakh square feet area is in the pipeline. The

Arkade Developers Q4 sales bookings up 11% at Rs 217 cr; FY25 rises 20%

Realty firm Arkade Developers Ltd on Tuesday reported an 11 per cent rise in sales bookings to Rs 217 crore for the latest quarter ended March. Its sales bookings stood at Rs 196 crore in the year-ago period. "During 2024-25, Arkade Developers achieved robust pre-sales (sales bookings) of Rs 773 crore, marking a 19.8 per cent increase from Rs 645 crore in the previous year. This growth reflects the continued demand for the residential portfolio of Arkade in the Mumbai region," the company said in a regulatory filing. The amount collected from customers stood at Rs 716 crore in the last fiscal, up by 21.8 per cent when compared to the preceding year. Mumbai-based Arkade sold 2,49,000 sq ft in 2024-25 compared to 2,03,000 sq ft in the preceding year, recording a 22.7 per cent annual growth. Arkade Developers Chairman and Managing Director Amit Jain said, "FY25 was a year of consistent performance and robust momentum. With a sharp focus on timely execution, sales velocity and custome

Anant Raj Q4 results: Profit up 51% at ₹118.64 cr, revenue grows to ₹551 cr

Realty firm Anant Raj Ltd has reported a 51 per cent increase in consolidated net profit to Rs 118.64 crore for the fourth quarter of the last financial year. Its net profit stood at Rs 78.33 crore in the year-ago period. Total income rose to Rs 550.90 crore in the January-March period of 2024-25 fiscal year, from Rs 453.12 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. During the last fiscal, the net profit increased to Rs 425.54 crore, from Rs 260.91 crore in the 2023-24 fiscal. The total income grew to Rs 2,100.28 crore in 2024-25, from Rs 1,520.74 crore in the preceding year. Delhi-based Anant Raj Ltd has developed many real estate projects, primarily in North India. It develops housing, commercial and data centre projects.

Brigade Enterprises aims ₹175 cr revenue from 20 acre project in Bengaluru

Realty firm Brigade Enterprises Ltd will develop a 20-acre project, comprising residential plots, in Bengaluru with an estimated revenue of Rs 175 crore. In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. "... The project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet," it said. The company did not mention the name of the landowner with whom it has signed the JDA. "We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation," Pavitra Shankar, Managing Director, Brigade Enterprises, said. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to

Real estate institutional investments in Q1 CY25 up 47% at $0.81 bn: Report

Foreign and domestic companies show 'increased commitment to long-term investments'

Kolte-Patil Q4 sale bookings fall 15% to Rs 631 crore on lower volumes

Realty firm Kolte-Patil Developers Ltd's sale bookings declined 15 per cent to Rs 631 crore in the fourth quarter of last fiscal on lower volumes. Its sale bookings stood at Rs 743 crore in the year-ago period. Sale bookings in volume terms fell 23 per cent to 0.8 million square feet during January-March quarter of 2024-25 from 1.03 million sq ft in the corresponding period of the preceding year, according to a regulatory filing on Thursday. During the full 2024-25 fiscal, Kolte-Patil Developers Ltd fell marginally by 1 per cent to Rs 2,791 crore from Rs 2,822 crore in the preceding fiscal. Sales volume declined 8 per cent to 3.60 million square feet from 3.92 million square feet, but average realisation rose 8 per cent to Rs 7,758 from Rs 7,193 per square feet. Pune-based Kolte-Patil Developers Ltd is one of the leading real estate firms in the country. Atul Bohra, Group CEO of Kolte-Patil Developers, said, "During FY25, we recorded milestone collections of Rs 2,432 crore, reinfo

Housing sales down 19% on high prices; supply drops 10% in 8 cities

Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution. In its report 'Real Insight', PropTiger also mentioned that new supply dropped 10 per cent in the first quarter of the calendar year, as developers adjusted with the market situation. "The huge spike in prices had already started to show its adverse impact on sales. With a global trade war now bringing new uncertainty, it is only natural for buyers to adopt a cautious approach to investment, particularly in something so big as real estate," said Dhruv Agarwala, Group Chief Executive Officer, Housing.com and PropTiger. As per the PropTiger data, housing sales in Ahmedabad fell 17 per cent to 10,730 units in January-March from 12,915 unit

Branded residences, resorts in India to hit $1 bn by 2027: Fine Acers

The market size of branded residences and resorts will reach USD 1 billion by 2027, luxury resort developer Fine Acres said on Tuesday. The market is expected to grow at 11-12 per cent in 2025-26 and 15 per cent by 2030, Fine Acres said in a statement. Domestic leisure and business travel will continue to be the primary demand driver while growing traction in the MICE (meetings, incentives, conventions and exhibitions) segment and pickup in foreign tourist arrivals will provide additional fillip, it added. The branded hotels segment registered a strong 17 per cent growth in the last fiscal. To meet the increasing demand, the pace of room additions, which has increased since last fiscal, is expected to pick up further and majorly through the asset-light management contract route, it stated. According to Fine Acers, the branded residences market is growing at 11 per cent YoY. However, a positive economic trend, urban affluence and demand for lifestyle investment properties are expec

Unsold affordable units drop 19% in top 7 cities in Q1CY25, bucking slump

Luxury segment sees 24% surge in unsold units over robust supply, inventory pile-up

Golden Growth Fund buys land parcel in South Delhi, eyes ₹100 crore revenue

The fund plans to develop boutique luxury residences in Neeti Bagh area, targeting high-net-worth and ultra-high-net-worth individuals

Ashiana Housing Q4 bookings down 33% to ₹575 cr; FY25 sales at ₹1,937 cr

Realty firm Ashiana Housing Ltd's sales bookings declined 33 per cent to Rs 574.73 crore in the fourth quarter of the last fiscal, as it sold a lesser number of housing units. Its sales bookings stood at Rs 862.54 crore in the year-ago period. "597 units were booked in Q4 of FY25 vis-a-vis 451 units booked in Q3 of FY25 and 628 units booked in Q4 of FY24," Ashiana Housing said in a regulatory filing on Friday. However, the company's sales bookings rose 8 per cent to Rs 1,936.75 crore in the last fiscal against Rs 1,798.22 crore in 2023-24. "The sales value of Rs 1,936.75 crore was the highest-ever annual sales by the company," Ashiana Housing said. Delhi-based Ashiana Housing is one of the leading real estate developers in the country. The company focuses on developing group housing projects. It is also a major player in senior living homes.

Equity investments in real estate up 74% at $2.9 billion in Q1CY25

Bengaluru, Mumbai, and Delhi-NCR accounted for 67 per cent of the total equity inflows

Auto, realty cos expect sales rebound after RBI slashes repo rate

Sector experts and developers said the decision could draw homebuyers back into the market, particularly in the affordable housing segment

Realty advisory firm Grahm aims to invest about Rs 100 cr by FY26

Company to hire 300 employees, expand in 7 cities after Bengaluru

Prestige Group announces residential launches with GDV of Rs 16,133.8 cr

The Group's launches spanned key cities such as Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet and comprising 4,548 units

Pvt equity inflow in Indian real estate down 3% to $3.7 bn in FY25: Anarock

Private equity investments in Indian real estate declined 3 pc last fiscal year to USD 3.7 billion due to lower fund inflow in office buildings, according to Anarock. Real estate consultant Anarock's arm Anarock Capital on Monday released its data of private equity (PE) deals in Indian real estate. As per the data, the PE investments in real estate declined to USD 3.7 billion in 2024-25 from USD 3.8 billion in the preceding year. During the 2020-21 fiscal year, the PE inflow was USD 6.4 billion, but the investments fell in 2021-22 to USD 4.3 billion. It marginally improved in the 2022-23 fiscal year to USD 4.4 billion before decreasing in 2023-24. Shobhit Agarwal, MD & CEO, ANAROCK Capital, said, "PE investments have steadily declined over the past five years, dropping from USD 6.4 billion in FY21 to approximately USD 3.7 billion in FY25. This represents a 43 per cent decrease from FY21 levels, primarily driven by reduced foreign investor activity amid heightened global ...

Real estate attracts $1.3bn investment in Jan-Mar, up 31% YoY: Colliers

Office segment drove one-third of the institutional inflows during the first quarter of 2025, at $ 0.4 billion worth of investments

Real estate developer Runwal Enterprises files papers for ₹1,000 crore IPO

The entire issue comprises a fresh offer of equity shares with a face value of Rs 2 each

Aditya Birla Real Estate up 3% on divesting paper unit for Rs 3,498-crore

The rise in the Aditya Birla Real Estate shares came after the company sold its Century Pulp & Paper business to ITC for Rs 3,498 crore on a slump sale basis.