Page 4 - Real Estate News

SM Reit scheme PropShare Celestia's ₹244 crore IPO to open on April 10

Property Share Investment Trust files offer for its third SM Reit scheme, targeting Rs 244.65 crore with projected yields up to 8.9 per cent by FY29

Housing sales dip 13% across 9 cities in Q1 amid West Asia conflict: Report

Housing sales across nine major cities fell 13 per cent annually during January-March quarter to 98,761 units on lower fresh supply of inventories amid West Asia conflict, according to PropEquity. Real estate research firm PropEquity on Monday pointed out that the sales have fallen below 1 lakh units mark after 18 quarters. The nine major cities are Delhi-NCR, Mumbai, Navi Mumbai, Thane, Bengaluru, Pune, Hyderabad, Chennai and Kolkata. As per the data, housing sales fell 13 per cent to 98,761 units during January-March this year compared to 1,13,602 units in the year-ago period. The total sales in these nine cities declined 6 per cent from 1,05,527 units in the previous quarter (October-December 2025). Samir Jasuja, Founder & CEO of PropEquity said, "Housing sales continued to moderate in the first quarter of 2026 with Delhi-NCR and Bengaluru emerging as outliers. This reduction is on account of low supply across most cities. Close to 22,000 lesser units were supplied in Q1 2026 ..

Aditya Birla Real Estate aims ₹1,700 cr revenue from 1st housing project

Aditya Birla Real Estate Ltd (ABREL) will redevelop a housing society in Mumbai and expects a revenue of Rs 1,700 crore from free-saleable area. In a regulatory filing on Friday, the company said its subsidiary Birla Estates Pvt Ltd has entered into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). Birla Estates will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai's Western Suburbs. The project is being developed under a joint redevelopment arrangement with Parinee Real Estate Builders. "With a saleable area of 2.9 lakh sq ft, the project has an estimated revenue potential of Rs 1,700 crore," ABREL said. Birla Estates develops premium residential housing in key markets. It also has a commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai, with 6 lakh sq ft of leasable area.

Puravankara plans 30-project launch pipeline worth ₹55,000 crore

Developer plans 30 projects across South India and Mumbai, while exploring a foray into data centres as demand from Gulf-based buyers rises amid global uncertainties

Brigade Enterprises eyes ₹1,100 cr revenue from Bengaluru housing projects

Realty firm Brigade Enterprises Ltd is expecting a revenue of more than Rs 1,100 crore from a new housing project in Bengaluru. In a regulatory filing on Wednesday, the company said it has launched 'Brigade Belvedere', a 10.75-acre residential development in East Bengaluru. This initial phase of the project comprises 773 premium residential units with an estimated revenue potential exceeding Rs 1,100 crore, it added. Established in 1986, Brigade Group is one of India's leading property developers. It has developed many housing, commercial and hospitality projects. The company has presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.

Conversational AI startup VerbaFlo raises $7 million led by Pi Labs

Funds will be used to expand in the US and other markets, invest in product development, and scale the team of the real estate-focused AI platform

Embassy Developments clocks ₹495 crore sales in 4 days in Bengaluru

Embassy Developments sells over 500 homes worth about Rs 495 crore within four days of launching Embassy Verde Phase II at Embassy Springs in North Bengaluru

Global trophy hunt: Singapore is the new capital for $10 mn+ real estate

Singapore ranks top globally, with 5.2% of all homes currently listed for sale qualifying as trophy properties, highlighting the city-state's exceptional depth of luxury housing stock.

Platform partnerships gain traction in India's real estate sector

Global investors are increasingly partnering Indian developers through platform-style deals, reflecting a shift from one-off asset acquisitions to scalable long-term strategies

Godrej Properties eyes ₹6,150 cr from Gurugram and Kolkata projects

Godrej Properties acquires an 11-acre land parcel in Gurugram and secures a 5-acre plot in Kolkata; the two residential projects together are expected to generate ₹6,150 crore in revenue

NB Group to invest ₹350 crore on new luxury housing project in Ahmedabad

Realty firm NB Group will invest Rs 350 crore to develop a luxury housing project in Ahmedabad as part of its expansion plan. The company has launched a residential project, 'NB Palm', comprising 136 apartments. The size of the land parcel is 6,300 square yards. Nishith Shah, CMD of NB Group, said the total investment to develop this project is estimated at Rs 350 crore. The company will meet the cost largely from internal accruals. The company has launched this project at Rs 6,500 per sq ft. The price of an apartment starts from Rs 2.5 crore. Parshwa Shah, Director at NB Group, noted that the Ahmedabad housing market is witnessing steady growth, with nearly 18,700-19,000 residential units sold in 2025, reflecting around 2-3 per cent annual growth. "Today, homebuyers are well-informed and seek quality construction, timely delivery, and thoughtfully designed lifestyle amenities," he added. Shah mentioned that the affordable and mid-range segments remain the backbone of the Ahmeda

Top 5 listed realtors' sale bookings up 20% at ₹84,000 cr in Apr-Dec FY26

India's five major listed real estate firms' sales bookings rose 20 per cent to nearly Rs 84,000 crore in the first nine months of this fiscal, driven mainly by strong demand for luxury homes. According to the data compiled from regulatory filings, the total combined sales bookings or pre-sales of 28 major listed realtors stood at Rs 1,32,569 crore during April-December period of 2025-26 financial year, driven mainly by strong demand for premium and luxury homes. Out of this, the five major listed players -- Godrej Properties, Prestige Estates Projects Ltd, DLF Ltd, Lodha Developers Ltd and Signature Global Ltd -- contributed 63 per cent to the total pre-sales. Mumbai-based Godrej Properties Ltd clocked highest sales bookings at Rs 24,008 crore in the first nine months of this fiscal, followed by Bengaluru-based Prestige Estates at Rs 22,327.3 crore. Delhi-NCR based DLF Ltd, the country's biggest realty firm in terms of market capitalisation, stood at the third position, with ...

Counting crores: What's behind the surge in India's new ultra-Luxury homes?

As luxury thresholds climb, the real differentiator at Rs 15 crore is no longer square footage but privacy infrastructure, brand equity and managed living

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