Page 17 - Real Estate

ED seizes ₹6.3 crore in money laundering probe linked to real estate fraud

The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday. The action under the Prevention of Money Laundering Act (PMLA) was launched on Friday and 10 premises of former directors, promoters and associated entities of the company -- Earth Infrastructures Ltd. (EIL) -- in Delhi and Gurugram were covered. The company, according to official records, has been undergoing a corporate insolvency resolution process (CIRP) since June 2018. According to the ED officials, the money laundering case against the former directors and promoters of the company was initiated after taking cognisance of five Delhi Police (Economic Offences Wing) FIRs, apart from a complaint filed by the Serious Fraud Investigation Office (SFIO), the investigation arm of the Ministry of Corporate Affairs. The ED

Godrej Properties logs record bookings, business development in FY26

Developer reports highest-ever bookings, collections and business development in FY26, driven by strong housing demand, robust launch pipeline and sustained momentum across key metro markets

Explained: Property transfers in UP just got more affordable, hassle-free

Extension of jurisdiction to complaints arising from unregistered projects effectively neutralises a structural loophole that developers have relied upon to circumvent statutory oversight.

Aditya Birla Real Estate jumps 7% on NCD redemption; Emkay sees 27% upside

Given the company's strong cash flow visibility, execution capabilities, and corporate governance, the brokerage believes the stock is likely to trade at a premium to its net asset value (NAV)

Godrej Properties FY26 pre-sales up 16pc to record Rs 34,171 cr

Godrej Properties Ltd on Friday reported a 16 per cent increase in its sales bookings last fiscal to a record 34,171 crore on strong demand for its housing units. In terms of sales bookings or pre-sales, Godrej Properties is likely to become the largest listed real estate firm during 2025-26. Godrej Properties had set a target of achieving Rs 32,500 crore pre-sales in the last fiscal. "FY2026 booking value grew 16 per cent YoY to Rs 34,171 crore. This was achieved through the sale of 17,515 units with a total area of 27 million sq ft, a YoY volume growth of 5 per cent. This is the highest ever full year booking value and volume announced by any listed real estate developer in India to date," Godrej Properties said in a regulatory filing. The sales bookings in Mumbai Metropolitan Region (MMR) stood at Rs 10,313 crore last fiscal, followed by Bengaluru (Rs 8,802 crore), Delhi NCR (Rs 7,410 crore), Pune (Rs 3,659 crore) and Hyderabad (Rs 2,360 crore). Gaurav Pandey, MD & CEO, Godrej

Real-estate major Prestige group may look at Reit as office rentals rise

Land prices remain key factor

HoABL launches 1% payment plan to boost Naigaon housing demand near Mumbai

HoABL introduces a 1% monthly payment plan for its Naigaon project to reduce upfront costs, improve loan access, and attract entry-level homebuyers amid affordability concerns

Dalcore to invest ₹500 cr in first YOO-branded residences in North India

Developer eyes a topline of Rs 1,450 cr, with units priced at Rs 10 cr and above

Sarovar Hotels taps branded residences, aims over 400 hotels in 5 years

Hospitality firm explores branded residences as a new growth vertical while targeting over 400 hotels globally in the next three to four years amid rising premiumisation trends

Rajasthan to roll out housing schemes across cities for all income groups

In December 2025, RHB announced it will launch new housing schemes in Bhiwadi and Hanumangarh. It will construct a community centre in Pratap Nagar in Jaipur's Sector 22 this year

India's real estate records PE deals worth $4.3 billion in FY26: Anarock

Private equity investments rebound after two subdued years, with equity-led deals and rising domestic participation signalling improved depth in real estate capital markets

ASK Property Fund announces Rs 400 cr exit from MMR, Gurgaon investments

Fund exits two residential real estate investments in Mumbai and Gurgaon, realising strong returns with IRRs of up to 21 per cent and healthy investment multiples

Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai

Developer plans 11 sea-facing projects across key Mumbai locations, betting on sustained HNI demand and overseas interest despite recent softness in housing sales

Prestige Estates FY26 pre-sales rise 76% to hit record ₹30,024 crore

Realty firm Prestige Estates Projects Ltd's pre-sales rose 10 per cent to Rs 7,697 crore in the fourth quarter of the last fiscal on better demand for its housing properties. According to its latest operational update, the company's pre-sales or sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. Irfan Razack, Chairman and Managing Director, said the company has closed FY26 on a strong note, with steady sales momentum through the last financial year and a good finish in the fourth quarter. "Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers," he said. Razack said the company has a robust pipeline of upcoming launches across geographies and hence optimistic about sustaining this momentum during the current fiscal. Prestige Estates said the sales momentum remained consistent across both new launches and ongoing inventory,

₹1,600 cr sales in just a month: ₹11 cr Birla homes sell fast in Gurugram

Birla Estates clocks over ₹1,600 crores in bookings within a month of launch at Birla Arika Phase 2, Gurugram

India's residential market cools; office leasing hits quarterly high

Residential demand shows early signs of moderation amid rising prices and affordability pressures, while office leasing surges on strong GCC demand and tightening vacancy levels

Nexus Select Trust to acquire Kolkata's Diamond Plaza mall for ₹347.5 cr

Acquisition of Diamond Plaza in Kolkata will help Nexus Select Trust expand its footprint in eastern India and strengthen its retail portfolio

Savills acquires majority stake in Hotelivate to expand APAC advisory

Deal aims to build a unified hospitality advisory platform across Asia Pacific, combining Hotelivate's sector expertise with Savills' global real estate capabilities

Retail leasing drops to 1.95 msf in Q1 amid supply constraints: Report

Leasing declines sequentially amid lack of new mall supply, but demand remains firm, led by malls and key metro markets, says Cushman & Wakefield

AB Real Estate arm clocks Rs 1,600-cr bookings for residential project

The company added that the earlier phase of Birla Arika also witnessed strong demand, with Phase I recording sales of around Rs 3,000 crore