Page 3 - Real Estate News

89% of NRI property exits are residential; Maharashtra tops resale listings

Apartments account for 63% of NRI property sales as owners unlock capital

Producer Ekta Kapoor leases Juhu apartment for Rs 36 lakh over two years

Ekta Kapoor lets out Juhu apartment under 24-month licence agreement

Prestige Estates Q1 profit drops 19% despite 16% rise in revenue

Higher contractor and land costs weigh on earnings even as revenue, collections and commercial leasing remain strong during the quarter

46% of NRI property owners want to sell now; 26% plan exits within 6 months

NRIs rethink India property bets: Nearly half plan immediate sale, says report

Knowledge Realty Q1 results: Net operating income rises 15% to ₹1,243 crore

Knowledge Realty Trust on Tuesday reported 15 per cent increase in its Net Operating Income (NOI) to Rs 1,243.1 crore for the first quarter of this fiscal and announced a record distribution of Rs 751.6 crore to unit holders. In a regulatory filing, the company said its total revenue also grew 15 per cent to Rs 1,111.7 crore during April-June quarter of 2026-27 fiscal. Knowledge Realty Trust, co-sponsored by Sattva Group and Blackstone, is India's largest REIT (real estate investment trust). Its portfolio comprises 29 Grade-A office assets totalling 46.5 million square feet as of June 30, 2026, with 37.3 million square feet of completed Area and 2.6 million square feet under construction area spread across 6 cities in India Knowledge Realty Trust declared a distributions of Rs 751.6 crore or Rs 1.70 per unit for the quarter ended June. Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said, "We had a strong start to FY27, with both revenue and NOI growing 15 per

Lloyds Realty secures ₹600 crore rental revenue from Smartworks deal

The developer has leased the entire 182,300 sq ft of its Andheri East commercial tower, The Square, to Smartworks for 15 years

Lodha Developers targets 20% profit growth to ₹4,100 crore in FY27

Realty firm Lodha Developers Ltd is targeting 20 per cent annual growth in net profit this fiscal to Rs 4,100 crore on better demand for its housing properties and strong execution of projects. In its latest investors presentation, Mumbai-based Lodha Developers highlighted that the company has achieved best ever quarterly profit during April-June period of 2026-27 fiscal. The company's profit doubled to Rs 1,373.1 crore in April-June from Rs 675 crore in the year-ago period. On the profit after tax (PAT), Lodha Developers said the company has already achieved 33 per cent of the total guidance of Rs 4,100 crore for the entire 2026-27 fiscal. The PAT margin improved to 26.9 per cent in June quarter of FY27 from 18.6 per cent a year ago. Total income rose to Rs 5,096.7 crore from Rs 3,624.7 crore. During the entire 2025-26 fiscal, Lodha Developers logged a net profit of Rs 3,430.7 crore on a total income of Rs 17,119.5 crore. In the presentation, Lodha Developers noted that the comp

Amit Diwan takes charge of Hines' APAC and Middle East operations

The former head of Hines India will oversee operations across two regions identified by the global real estate investment manager as key engines of long-term growth

Actor John Abraham buys bungalow in Mumbai's Bandra West for Rs 84 crore

The freehold property is located on St Martin Road in Bandra (West), one of Mumbai's most sought-after residential neighbourhoods. The transaction was registered on July 14, 2026.

Prestige Group unveils 3 housing projects with ₹12,000 cr revenue potential

Realty firm Prestige Estates Projects Ltd has launched three housing projects during the April-June quarter with an estimated revenue of Rs 12,000 crore, as part of its expansion plan amid strong demand. In its latest operational update, Bengaluru-based Prestige Estates Projects informed that the company launched four projects with a combined developable area of 20.16 million square feet. Out of four projects, three are residential properties in Hyderabad, Bengaluru and Mumbai. One commercial project with a developable area of 3 million sq ft is in Bengaluru. The company said the total revenue potential for these three residential projects is estimated at Rs 12,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum." Earlier, Razack had told PTI that the company has

After Leela Bungalow, Notandas Realty buys Juhu Villa Wilson for Rs 135 cr

Notandas Realty promoters buy Mumbai's Villa Wilson bungalow in Juhu for Rs 135 crore

Rs 1.26 trillion locked in as security deposit with property owners: Study

Rent, the NoBroker report said, is the single largest line item in most urban tenants' monthly budgets, and for nearly half of them it consumes more than 30 per cent of their monthly income

Raymond Realty partner landowner to build ₹8,500-cr Mumbai housing project

Raymond Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai with an estimated revenue potential of Rs 8,500 crore. In a regulatory filing on Wednesday, the company said it has signed a joint development agreement to develop a residential project in a prime location of Parel, Mumbai. The project has an estimated revenue potential of about Rs 8,500 crore, it added. Raymond Realty did not name the landowner with whom it has entered into the agreement. This is the company's 8th joint development project in Mumbai city. "Parel has always been at the heart of Mumbai's evolution and we are proud to add another landmark to Raymond Realty's growing portfolio through this strategic joint development," Gautam Hari Singhania, Chairman, Raymond Group, said. He said the company's expansion continues to be guided by an asset-light, partnership-led approach that enables it to unlock value in some of Mumbai's most sought-after locations. Raymond Realty, part o

FY27 real estate pre-sales on track; Prestige, Lodha, ABREL top bets: Ambit

Pre-sales numbers for most real estate developers are expected to stay on track in Q1FY27 to achieve targets for FY27, even as top developers like Oberoi and DLF did not launch projects this quarter

Premium home prices rise up to 28% as Noida outpaces Mumbai, Delhi

Noida shines, Goa cools: India's premium housing winners and losers

HNIs, NRIs to keep Delhi-NCR's luxury housing boom alive over next 2 years

Delhi-NCR luxury housing demand to stay strong as infrastructure, NRI investments fuel growth: Equirus Wealth

Puravankara's Q1 FY27 pre-sales rise 28% to ₹1,439 crore on higher demand

The Bengaluru-based real estate developer reported a 40 per cent rise in collections and an 18 per cent increase in average price realisation, while reaffirming its FY27 sales guidance

Keystone Realtors' Q1 sales bookings fall 42% to ₹617 cr on no new launches

Keystone Realtors Ltd has posted a 42 per cent decline in its sales bookings to Rs 617 crore for the quarter ended June as it did not launch any new project. The company had sold properties, primarily housing, worth Rs 1,068 crore in the year-ago period. Mumbai-based listed developer has shared its operational update for April-June quarter of FY27. " Given that there was no new launch planned in Q1FY27, pre-sales were mainly supported by resilient sustenance sales, reflecting continued buyer interest and sustained homebuyer confidence in the company's projects," Keystone Realtors said. With general improvement in economic situation due to stability in geo-political situation, the company said it expects pickup in sales in the upcoming quarters. The collections of funds from customers rose to Rs 599 crore in Q1FY27 as compared to Rs 575 crore in the year-ago period. Boman Irani, CMD of Keystone Realtors Ltd, said, "Q1, FY27 marks a steady start to the year as we build on the stro

Executive Centre India leases 114,950 sq ft at Worldmark for ₹309 cr

The flex workspace operator will pay rent for a chargeable area of 114,950 sq ft at Worldmark 6 in Delhi's Aerocity, with a 15 per cent escalation every three years

Nifty Realty up 3%; Brigade, Phoenix jump 5%; here are top bets by HDFC Sec

The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.