Page 10 - Real Estate

Godrej Properties eyes ₹3,500 cr from new 30-acre Bengaluru township

Realty firm Godrej Properties has acquired a 30-acre land in South Bengaluru to develop a township with an estimated revenue of around Rs 3,500 crore. In October, the company had bought a 26-acre land parcel at Sarjapur, Bengaluru to develop a housing project with an estimated revenue of Rs 1,100 crore. In a regulatory filing on Thursday, the company informed that it has acquired an additional 3.8-acre land parcel, thereby unlocking Rs 2,400 crore of additional revenue and 2 million sq ft of additional development potential. With this acquisition, Godrej Properties Ltd plans a large-scale, premium residential community. The overall gross development value of this 30-acre township will be Rs 3,500 crore. The total development potential is 3 million sq ft area. "The enhanced potential is largely due to higher FSI permissibility across the entire land parcel, allowing the combined 30 acres holding to be master planned as an integrated group housing development township," Godrej ...

SC's post-facto green nod rollback pulls core sectors 'back from brink'

Reversal restores 2017 and 2021 norms, reopening door to regularise past lapses

NBCC sells 609 housing units in Greater Noida via auction for ₹1,070 cr

State-owned NBCC (India) Ltd has sold 609 housing units in Greater Noida (West) for Rs 1,070 crore through an e-auction. In a regulatory filing on Wednesday, the company informed that it has sold 609 residential units in two projects 'Aspire leisure valley' and Aspire Centurian Park through an e-auction at total sale value of Rs 1,069.43 crore. NBCC will get marketing fee at 1 per cent of sale value. NBCC did not mention the name of the buyer. As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through the NBCC. The state-owned firm was asked to complete 38,000 flats and hand them over to homebuyers. The investment to complete these flats was projected at around Rs 8,300 crore. Meanwhile, Delhi-based AU Real Estate said that it has acquired the selling rights for Aspire Leisure Valley (Phase 2) and Aspire Centurian Park from NBCC. "The combined transaction valu

Rental housing stabilises in Q3 2025 as demand-supply moderates: Report

India's rental housing market entered a consolidation phase in July-August 2025, with modest demand and supply growth pointing to a more balanced environment

Delhi's Khan Market 24th most expensive global retail spot: Report

Delhi's upscale Khan Market rank slipped one notch to 24th in a global list of the most expensive high-street retail locations, with an annual rent of USD 223 per sq ft, according to Cushman & Wakefield. Khan Market was 23rd most expensive retail location globally in last year's ranking. Nevertheless, Khan Market remains India's most expensive high street. As per the Cushman & Wakefield report released on Wednesday, London's New Bond Street has become the world's most expensive retail destination, with an annual rent of USD 2,231 per square foot per year. Via Monte Napoleone in Milan, Italy, lost its top position to become the 2nd most expensive main street globally with an annual rent of USD 2,179 per sq ft. New York's Upper 5th Avenue (49th to 60th Sts) is at third position with an annual rent of USD 2,000 per sq ft, compared to rank 2nd in the last year's list. Global real estate consultant Cushman & Wakefield released its flagship retail report 'Main Streets Across The

Prestige plans up to ₹10,000 crore capex for West India portfolio

Prestige Estates Projects plans ₹8,000-10,000 crore capex to expand its residential and commercial footprint in MMR and Pune, driven by new launches, redevelopment and township-led growth

NBCC sells rights for 609 Amrapali units to AU Real Estate for ₹1,069 cr

NBCC sold selling rights for 609 units in Amrapali's Aspire Leisure Valley and Centurion Park to AU Real Estate to raise funds for completing stalled housing projects

iBUS, Rustomjee join hands to build digitally ready, future-proof homes

iBUS has partnered with Rustomjee to build future-ready digital infrastructure across its Mumbai projects, offering residents stronger connectivity, smarter living and seamless tech integration

'Luxury homes drive Bengaluru realty but ultra-premium shows early fatigue'

Luxury launches overtook mid-income launches for the first time in H1 FY2026, comprising 49 per cent of total launches

Serene Communities, Asset Homes to build 4 senior-living projects in Kerala

Serene Communities by Columbia Pacific has partnered with Asset Homes to invest Rs 500 crore in four senior-living projects across Kerala

Puravankara leases 120,000 sq ft retail space to IKEA in Bengaluru

Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru. In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru. The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026. IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said. Real estate consultant Colliers' office services team was the advisor on this transaction. As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

Greenbay Infra launches ₹400 cr luxury project, eyes ₹1,000 cr revenue

The launch comes five months after YEIDA had warned the developer of cancelling its allotment for a 100-acre Greenbay Golf Village over failure to deposit outstanding dues at the time

CCI Projects to invest ₹700 cr in 53-storey luxury tower in Mumbai region

Realty firm CCI Projects will invest around Rs 700 crore to develop a luxury housing tower in the Mumbai Metropolitan Region (MMR). In a statement on Monday, the company said it has launched 'Skyleap', a 53-storey premium residential tower, comprising 320 apartments. The upcoming tower is part of a 6-acre gated community, 'Rivali Park 2', along the Western Express Highway in Borivali. The project will be developed at an investment of Rs 700 crore, and the company expects to generate a revenue of over Rs 1,250 crore. Mumbai-based CCI Projects Pvt Ltd, established in 2000, has already delivered over 8 towers to date. It has an under-construction portfolio of around 35 lakh sq ft.

Kings Infra signs ₹2,500 cr aquaculture tech park deal with Andhra govt

Kings Infra Ventures Ltd on Monday announced signing of an agreement with the Andhra Pradesh government to develop a Rs 2,500-crore aquaculture technology park near Srikakulam. The 500-acre facility will be India's first AI-driven aquaculture park, Kings Infra said in a statement, positioning the southern state as a hub for technology-enabled sustainable seafood production. Kerala-based Kings Infra will invest Rs 500 crore directly in core infrastructure, processing facilities and research and development, with another Rs 2,000 crore expected from ancillary industries, small businesses and renewable energy ventures, the company said. As per the memorandum of understanding, signed during the recent CII partnership summit held at Visakhapatnam, the project will house hatcheries, indoor farming systems, processing lines and a marine bio-actives division, all integrated through BlueTechOS, the company's proprietary artificial intelligence operating system to be built and operated from .

Changing landscape: India's subpar, ageing malls set for overhaul

Developers converting older malls to mixed-use integrated districts, buoyed by investor interest

Macroeconomic tailwinds to lift sentiment in India's realty sector: Report

India's real estate outlook remains upbeat as easing inflation, fiscal spending, premium housing demand, and strong office leasing fuel confidence, according to the Knight Frank-Naredco

Godrej Properties to launch properties worth ₹22,000 cr for sale in H2 FY26

Godrej Properties will launch around Rs 22,000 crore worth of housing units for sale in the second half of this fiscal year to capitalise on strong consumer demand, a top company official said. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company had given guidance that it would launch properties worth Rs 40,000 crore and sell units of about Rs 32,500 crore during this fiscal year. "We have launched Rs 18,600 crore worth of properties during the first six months of this fiscal. Our sales bookings stood at nearly Rs 15,600 crore. Basically, we did 47 per cent of the launch guidance and 48 per cent of the booking value target. And typically, both are skewed to the second half. So, I would say, we are well on track for meeting or exceeding both of those numbers," he said. Pirojsha said the launch of its housing project at Worli, Mumbai, is underway and hopes to launch a new project in Bandra by March-end. "I think the overall market is ...

Realty firm Anant Raj to invest ₹4,500 cr in AP for data centre facilities

Realty company Anant Raj Ltd will invest Rs 4,500 crore in Andhra Pradesh to set up data centres as part of its expansion plan. In a regulatory filing on Saturday, the company said that its subsidiary Anant Raj Cloud Pvt Ltd (ARCPL) has entered into an MoU with Andhra Pradesh Economic Development Board for building new data centre facilities along with IT Park in Andhra Pradesh and to make investment for development of data centre and cloud services. The MoU intends to support the establishment of a data centre-IT park in the state in a time-bound manner. "ARCPL will make a direct investment of approximately Rs 4,500 crore, to be executed in two phases," Anant Raj said. The agreement provides for ARCPL's phased investment of about Rs 4,500 crore for the development of a data centre-IT park. The investment is expected to create around 8,500 direct and 7,500 indirect jobs. The Andhra Pradesh Economic Development Board (APEDB)will facilitate necessary support for the implementation

High streets hold lead in rental growth as retailers go for visibility

Stagnant rents are largely confined to grade B, grade C malls: Experts

Mumbai realty market sees 4-fold jump in institutional investment: Report

Mumbai's real estate market witnessed a fourfold jump in institutional investments to USD 1.19 billion in the first nine months of 2025, driven by foreign investors which want to fund residential and commercial projects for better returns, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield's India Capital Markets Q3 2025 report showed that the institutional investments in Mumbai jumped to USD 1,195.78 million in January-September period of this year from USD 295.57 million in the year-ago period. Out of the total inflow in Mumbai property market, the consultant noted that foreign capital accounted for two-thirds (67 per cent) at USD 797.7 million, led by investors from the US (USD 500 million) and Japan (USD 297 million). Domestic investors contributed the remaining USD 398 million. Somy Thomas, Executive Managing Director of Capital Markets, noted that the institutional investment in Mumbai real estate market has crossed USD 1 billion mark for the ...