Real Estate News

Krisumi Corp starts construction of two phases at Krisumi City in Gurugram

The company will invest over ₹1,300 crore in the two phases, comprising 542 units at its 33.38-acre Krisumi City township in Gurugram, with prices starting at about ₹4.9 crore

Saif Ali Khan's Mumbai office lease to fetch ₹14.64 crore over five years

Saif Ali Khan leases Andheri office space for ₹22.77 lakh monthly rent

Strong Q2 bookings, FY27 pipeline boost outlook for Prestige Estates

Prestige Estates' Q2 pre-sales rose 20 per cent to Rs 7,225 crore, while its planned FY27 launch pipeline of Rs 57,000 crore and annuity portfolio support brokerages' outlook.

Bhumika Realty sees Faridabad land investment topping ₹1K cr by March 2027

Bhumika Realty expects its Faridabad land investment to exceed Rs 1,000 crore by March 2027, including over Rs 550 crore invested in the city during the past 12 months.

GMR Airports incorporates wholly owned subsidiary for land development

GMR Airports has incorporated GMR Aero Realty as a wholly owned subsidiary with ₹1 crore in paid-up capital to pursue real estate and land development opportunities; operations are yet to begin

Prestige Estates Q2 sales bookings rise 20% to ₹7,225 cr on housing demand

Realty firm Prestige Estates Projects Ltd on Tuesday reported a 20 per cent growth in its sales bookings to Rs 7,225 crore for the quarter ended September 2026 on strong housing demand, especially for big branded players. In a regulatory filing, Bengaluru-based Prestige Estates informed that "the residential business recorded Pre-sales of Rs 72,250 million (up 20 per cent year-on-year) during Q2 FY27, with sales volume of 5.84 million square feet and 3,910 units sold." During the first half of this fiscal, the company recorded pre-sales of Rs 1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches, a couple of which were introduced towards the end of the quarter but nevertheless saw good sales traction." Sustenance sales in the ongoing projects have also remai

Puravankara Q2 sales bookings surge 62% to ₹2,136 crore on housing demand

Realty firm Puravankara Ltd on Tuesday reported a 62 per cent annual growth in its sales bookings to Rs 2,136 crore during the September quarter on better demand for its residential properties. In a regulatory filing, the company said its pre-sales rose to Rs 2,136 crore in the second quarter of this fiscal from Rs 1,322 crore in the year-ago period. Sales area for the second quarter stood at 1.83 million square feet, up 22 per cent annually. Average price realisation increased 32 per cent annually to Rs 11,651 per square foot. During the September quarter, Puravankara handed over 977 homes totalling 0.97 million sq ft, to customers. In the first six months of this fiscal, the company has handed over 1,722 homes spanning 1.92 million sq ft. Ashish Puravankara, the company's Managing Director, said, "Our focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution." The performance supports the company's strategy of investing in ...

Kolte-Patil Developers Q2 sales bookings rise 52% to record ₹1,019 crore

Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to Rs 1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at Rs 670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of Rs 1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record Rs 1,636 crore, up 27 per cent from Rs 1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, "Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business." The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. "While demand has softened in the near term across the broader market, particularly in Pune, we

Brigade Enterprises aims 21% rise in FY27 pre-sales at ₹9,000 crore: MD

Realty firm Brigade Enterprises Ltd expects 21 per cent growth in pre-sales this fiscal to Rs 9,000 crore on strong demand for mid-income and premium homes, a top company official said. Bengaluru-based Brigade Enterprises Ltd, one of the leading real estate firms in the country, has developed more than 300 projects in the last 40 years. In an interview with PTI, the company's Managing Director, Pavitra Shankar, said housing demand remains strong, especially in the Rs 1-3 crore per apartment price range. She said the company's large township projects are doing very well in terms of sales. Asked about sales booking for the current 2026-27 fiscal, Shankar said, "We have given an annual guidance of Rs 9,000 crore. We are confident of achieving the number if we get approvals on time to launch our projects.". She said the company has a strong launch pipeline. "At the moment we have 33 million square feet of ongoing projects, 16 million square feet of upcoming launches," Shankar said.

Real estate consultants expand into design, project management, and tech

Real estate consultants are expanding into design, project management, flexible workspaces and technology to diversify revenue and offer clients integrated services

TV actor Ronit Roy leases Andheri West office for ₹1.39 cr over five years

Ronit Bose Roy rents out 950 sq ft Mumbai office at ₹2.1 lakh a month

Gauahar Khan sells Versova duplex for ₹6 cr, bought it for ₹3.2 cr in 2014

Gauahar Khan's ₹6.01-crore property sale: Inside her Versova duplex deal

"Mumbai Is Running Out of Space, But Demand Isn't," says Rohan Khatau

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Shakti Kapoor, Shraddha Kapoor lease Mumbai flat for ₹2.5 lakh a month

The 1,050 sq ft apartment in Piramal Mahalaxmi South Tower has been leased to Akshat Khetan for three years, with a total rent of nearly ₹94.6 lakh

Repo rate hike may raise costs, but real estate demand to stay resilient

Real estate companies in West Bengal on Wednesday said the RBI's 25-basis point repo rate hike could increase borrowing costs for homebuyers and developers, but maintained that the rise is unlikely to impact demand in the long term. The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent on Wednesday, its first increase in nearly four years. "The RBI has increased the repo rate after three years As a result, interest rates of banks and financial institutions on housing and construction loans will increase. This will have some adverse impact on real estate," CREDAI West Bengal president Sushil Mohta said. Primarc Projects MD Siddharth Pansari said the hike may make home loans marginally more expensive, but is unlikely to have a major impact on genuine homebuyers. "In Kolkata, people are buying homes with a long-term view, and their decisions are increasingly driven by the right location, better quality and the lifestyle a home offers. There m

PE investments into Indian real estate rise 23% to $2.7 bn in H1 FY27

Private equity inflows into Indian real estate rose 23 per cent to $2.7 billion in H1 FY27, led by stronger domestic capital and large foreign investments in data centres

GST Council may consider ITC rationalisation for real estate, construction

Proposals include ITC on pipelines and telecom towers, contracted prices between government-owned firms, and wider credit for hospitality, tourism and wellness services

Raymond Realty sees 98% Q2 pre-sales growth, keeps leverage below ceiling

The developer said growth came entirely from sustenance sales, while collections rose 67 per cent and two Mahim projects worth over ₹4,100 crore are lined up

Pilgrimage, wildlife: India's tourism wave is creating new real estate bets

Beyond Goa and Jaipur: The new tourism hotspots that could drive property demand

ED arrests Vatika Group promoters in ₹154 crore money laundering case

Vatika Group's Chairman and MD Anil Bhalla and promoter Gautam Bhalla were arrested on Tuesday under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002