Real Estate News

Ghaziabad, Meerut the new prime addresses for real estate companies

Developers expect a surge in housing demand in Ghaziabad and Meerut as the Delhi-Meerut RRTS slashes commute times, drives price growth and triggers a shift toward premium, transit-linked developments

Nexus Select Trust buys 50% stake in Runwal Enterprises mall for ₹434 cr

Realty firm Nexus Select Trust will acquire 50 per cent stake in an upcoming mall in Mumbai for Rs 434 crore as part of its expansion plan. In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by Blackstone, said it has entered into a tie-up for an under-construction development. "The REIT has agreed to acquire a 50 per cent stake in the upcoming Nexus Runwal Gardens Mall in Dombivli, part of the Mumbai Metropolitan Region (MMR), to be operated in partnership with Runwal Enterprises," the filing said. The proposed mall will span 7.4 lakh sq ft of gross leasing area. Nexus Select Trust will acquire 50 per cent equity shareholding in the Garden City Malls Pvt Ltd, a wholly owned subsidiary of M/s. Runwal Residency Pvt Ltd. "Purchase consideration of Rs 434 crore with an overall enterprise value of Rs 892 crore (includes estimated closing costs), subject to closing adjustments. Based on estimated 4,67,000 sq ft net leasable area," the filing said. Nexus Select Trus

Godrej Properties inks pact to develop land parcel in Thane, eyes ₹7.5k cr

Realty firm Godrej Properties Ltd has partnered with a landowner to develop an 18-acre housing project in the Mumbai region with an estimated revenue potential of over Rs 7,500 crore, as part of its expansion plan. In a regulatory filing on Monday, the Mumbai-based company informed that it has "entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai. The company did not name the landowner with whom it has signed the agreement. "The proposed development will be a largely residential project with an estimated revenue potential of over Rs 7,500 crore," it said. To expand its business, Godrej Properties buys land outright and also enter into joint development arrangement with landowners to develop housing projects. Gaurav Pandey, MD & CEO of Godrej Properties, said, "Strategic expansions in high-potential micro- markets are central to our growth strategy and our focus on creating enduring value for homebuyers." Thane has evolved into one of the .

ASG, YM Infra launch ₹2,800 cr luxury tower in Marine Lines, Mumbai

One Marina, a 74-storey project with a ₹2,800 crore GDV, marks ASG's push in South Mumbai as developers expand portfolios through joint ventures and acquisitions

Lodha Developers buys 80% stake in Pune-based SRPL for ₹294 crore

Realty firm Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan. Mumbai-based Lodha Developers Ltd is one of the leading real estate companies in the country. It sells properties under Lodha brand. In a regulatory filing on Saturday, the company said it has entered into a share purchase agreement to acquire stake in Solidrise Realty Pvt Ltd (SRPL). Lodha Developers will acquire 80 per cent equity stake in SRPL. The cost of acquisition is Rs 294.07 crore. SRPL will become a subsidiary of the Lodha Developers. SRPL is into real estate business in Pune, the filing said. Last month, Lodha Developers reported a 1 per cent increase in consolidated net profit to Rs 956.9 crore in the third quarter of this fiscal year. Its net profit stood at Rs 944.4 crore in the year-ago period. Total income rose to Rs 4,775.4 crore in the October-December period of the 2025-26 fiscal year from Rs 4,146.6 crore in the .

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

'Better to abolish Rera': Supreme Court questions real estate body's role

The Supreme Court orally criticised the functioning of the real estate regulator Rera, saying it appears to only benefit defaulting builders

Oberoi Realty JV partners with Aman Group for luxury Worli development

Oberoi Realty's JV I-Ven Realty has signed agreements with Swiss hospitality firm Aman to develop a luxury hotel and branded residences project in Mumbai's Worli

RIL arm Model Economic Township to build 100-acre project at Jhajjar

RIL's subsidiary Model Economic Township Ltd on Saturday launched a 100-acre project in its large integrated township 'Reliance MET City' at Jhajjar, Haryana. Reliance Industries group has acquired 8,250-acre land to develop 'Reliance MET City'. Already more than 650 companies from 11 countries, including Japan, have set up industries in the integrated smart city. In a statement, the company announced the launch of 'Metropolis by MET City', mixed-use development comprising residential and industrial plots. This new project is spread across 140 acre. In the first phase, the company has launched 100 acre for sale. The residential component offers plots in sizes ranging from 112 square yards to 179 square yards. Model Economic Township Limited did not disclose investment on development of this new project as well as the revenue potential. Shrivallabh Goyal, CEO & Whole Time Director of the company, said, "Metropolis is an important step forward in our vision for Reliance MET City.

High-end Worli apartment with six car parks sold for ₹123.5 crore

The apartment has a RERA carpet area of 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony and open terrace space, taking the total usable area to over 7,100 sq ft

Signature Global reports net loss of ₹45.33 crore in Q3 on lower income

Realty firm Signature Global has posted a consolidated net loss of Rs 45.33 crore in the quarter ended December on lower income. The company had posted a net profit of Rs 29.13 crore in the year-ago period. Total income fell to Rs 312.76 crore during October-December period of this fiscal from Rs 862.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said the company has continued to deliver steady performance during the first nine months of this fiscal. "While the real estate market has witnessed some softness, the current environment clearly favours developers with a proven track record of delivering quality homes and truly consumer-centric offerings. Our recently launched wellness-centric project, Sarvam at DXP Estate, has received robust demand, reflecting evolving buyer preferences towards thoughtfully designed, health-focused living spaces," he ...

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

Brookfield India REIT Q3FY26 results: Net profit jumps 8-fold to ₹201 cr

Brookfield India Real Estate Trust has posted more than eight fold jump in consolidated net profit at Rs 201.22 crore for the quarter ended December 2025. Its net profit stood at Rs 23.42 crore in the year-ago period. Total income rose to Rs 727.86 crore during October-December period of this fiscal from Rs 635.38 crore a year ago, according to a regulatory filing. The company also declared distribution of Rs 404.66 crore or Rs 5.40 per unit to the unitholders, for the quarter. Brookfield India REIT manages 11 Grade A office assets in Delhi, Mumbai, Bengaluru, Gurugram, Noida, Kolkata. Its portfolio consists of 37 million square feet of total leasable area, comprising 32.4 million square feet of operating area, 0.6 million square feet of under construction area and 4 million sq ft of future development potential.

Global firms take 58% share of office leasing in 7 Indian cities: Report

Global companies remained major demand driver for office space in India during 2025 as they leased nearly 60 per cent of ofifce spaces in India's seven major cities to expand their businesses, according to JLL India. According to data by real estate consultant JLL India, the gross leasing of office spaces rose by 8 per cent to record 83.3 million square feet last year across seven major cities from 77.2 million square feet in the preceding year. These seven cities are Mumbai, Bengaluru, Delhi-NCR, Pune, Hyderabad, Chennai and Kolkata. Out of the total leasing, the global firms took on lease 48.6 million square feet office last year, contributing 58 per cent to the total office demand. Availability of skilled English speaking talent and supply of premium office space at a very affordable rentals are the major factors that attract global firms to invest in India. Global firms took 31.4 million square feet area for setting up of Global Capability Centres (GCCs). Domestic firms absor

Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...

DCCDL Q3 rent income up 18% on high demand for office, retail spaces

Realty major DLF and GIC joint venture DCCDL's rental income rose 18 per cent to Rs 1,412 crore in the December quarter amid strong demand for premium office and retail spaces. DLF Cyber City Developers Ltd (DCCDL) rental income stood at Rs 1,193 crore in the year-ago period, according to DLF's latest investors presentation. DLF holds nearly 67 per cent stake in DCCDL while Singapore's sovereign wealth fund GIC has the remaining equity shareholding. At present, DCCDL has a total operational portfolio of 44.3 million square feet area, comprising prime office and retail spaces. Around 4 million square feet is retail area and the rest is office spaces. On financial performance front, DCCDL's net profit before exceptional item rose 40 per cent to Rs 717 crore during the third quarter of this fiscal from Rs 514 crore in the year-ago period. Total revenue grew 17 per cent to Rs 1,878 crore from Rs 1,605 crore. Its net debt stood at Rs 16,976 crore at the end of the latest December ...

ASF Group raises ₹1,250 crore funding for Gurugram office project

Realty firm ASF Group has raised Rs 1,250 crore from Alpha Alternatives to fund its ongoing prime office campus in Gurugram and reduce debt. In a statement on Thursday, the company said it has already received Rs 450 crore in funding from Alpha Alternatives and would get the remaining within the next six months. ASF Group's arm, ASF Insignia SEZ Pvt Ltd, is developing a 50-acre integrated commercial IT office campus at Vatsal Valley, Gurugram. ASF Insignia SEZ and its affiliates have secured a commitment of equity and quasi-equity investment of about Rs 1,250 crore from Mumbai-headquartered Alpha Alternatives. Anil Saraf of ASF Group said, "The investment from Alpha Alternatives reinforces the long-term fundamentals of ASF Insignia campus and our strategy of building an institutionally driven office ecosystem". The focus is on balance sheet strength, asset quality and creating a campus that continues to meet the evolving needs of large enterprises and global capability centres, on

India land area transacted rises in 2025 despite slight drop in deals

Overall, at least 126 land deals involving over 3,772 acres were sealed across the country in 2025, compared with 133 deals spanning 2,514 acres in 2024

Indian luxury brands on par with global peers in FY25, shows Tofler data

According to data sourced from business intelligence platform Tofler, global fashion houses like Christian Dior, Hermes, and Gucci have not crossed the ₹500 crore mark when it comes to revenue in FY25

Embassy Developments to invest ₹4,500 crore to expand its Mumbai footprint

Embassy Developments will invest Rs 4,500 crore to launch three luxury residential projects in Mumbai with a GDV of Rs 12,000 crore, expanding its MMR footprint from Q4 FY26