Page 2 - Real Estate

GMR Airports incorporates wholly owned subsidiary for land development

GMR Airports has incorporated GMR Aero Realty as a wholly owned subsidiary with ₹1 crore in paid-up capital to pursue real estate and land development opportunities; operations are yet to begin

Prestige Estates Q2 sales bookings rise 20% to ₹7,225 cr on housing demand

Realty firm Prestige Estates Projects Ltd on Tuesday reported a 20 per cent growth in its sales bookings to Rs 7,225 crore for the quarter ended September 2026 on strong housing demand, especially for big branded players. In a regulatory filing, Bengaluru-based Prestige Estates informed that "the residential business recorded Pre-sales of Rs 72,250 million (up 20 per cent year-on-year) during Q2 FY27, with sales volume of 5.84 million square feet and 3,910 units sold." During the first half of this fiscal, the company recorded pre-sales of Rs 1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold. Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches, a couple of which were introduced towards the end of the quarter but nevertheless saw good sales traction." Sustenance sales in the ongoing projects have also remai

Puravankara Q2 sales bookings surge 62% to ₹2,136 crore on housing demand

Realty firm Puravankara Ltd on Tuesday reported a 62 per cent annual growth in its sales bookings to Rs 2,136 crore during the September quarter on better demand for its residential properties. In a regulatory filing, the company said its pre-sales rose to Rs 2,136 crore in the second quarter of this fiscal from Rs 1,322 crore in the year-ago period. Sales area for the second quarter stood at 1.83 million square feet, up 22 per cent annually. Average price realisation increased 32 per cent annually to Rs 11,651 per square foot. During the September quarter, Puravankara handed over 977 homes totalling 0.97 million sq ft, to customers. In the first six months of this fiscal, the company has handed over 1,722 homes spanning 1.92 million sq ft. Ashish Puravankara, the company's Managing Director, said, "Our focus is on scaling the business while maintaining discipline in pricing, capital deployment and execution." The performance supports the company's strategy of investing in ...

Kolte-Patil sales rise 52% in Q2 FY27 despite softening housing demand

The Pune-based developer reported Q2 FY27 sales of Rs 1,019 crore, up 52 per cent year on year, and added six Mumbai redevelopment projects with an estimated gross development value of Rs 6,000 crore

Kolte-Patil Developers Q2 sales bookings rise 52% to record ₹1,019 crore

Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to Rs 1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at Rs 670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of Rs 1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record Rs 1,636 crore, up 27 per cent from Rs 1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, "Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business." The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. "While demand has softened in the near term across the broader market, particularly in Pune, we

Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027

Blackstone-backed Nexus Select Trust has appointed Siddarth Nawal as MD and CEO designate ahead of his takeover from Dalip Sehgal on January 1, 2027, marking a leadership transition

Real estate consultants expand into design, project management, and tech

Real estate consultants are expanding into design, project management, flexible workspaces and technology to diversify revenue and offer clients integrated services

Brigade Group to invest ₹40,000 cr to build realty, hospitality projects

Realty firm Brigade Group on Thursday said it will invest Rs 40,000 crore over the next three years to develop housing, commercial, hospitality and warehousing projects across major cities in South India, as part of its expansion plan. Bengaluru-based Brigade Group on Thursday marked the completion of 40 years in business. Outlining its growth plans for the next three years, Brigade Group said in a statement that it will invest around Rs 40,000 crores over the next three years for a development pipeline of 40 million sq. ft. across its markets. Over the past four decades, Brigade has developed more than 110 million sq. ft. across 300+ projects and established its presence across 10 cities. The Group has built a diversified portfolio that includes residential communities, office developments, retail destinations, and hotels. "Brigade was built on the belief that real estate is ultimately about creating places that have enduring value for people, businesses and communities. Over fou

Institutional investment in housing dips 39% mn in 9 months: Colliers

Institutional investments in the residential segment fell 39 per cent annually to USD 695 million during January-September this year as realty firms prefer to fund projects through internal accruals, according to Colliers. Real estate consultant Colliers India on Thursday released data for institutional investments in different segments of India's real estate sector. According to the data, institutional investments in housing assets fell 39 per cent to USD 694.5 million in the first nine months of this year from USD 1,139.7 million in the year-ago period. However, office assets saw a 46 per cent growth in investments to USD 2,169.3 million from USD 1,482.7 million during the period under review. Industrial and logistics parks saw 15 per cent growth in investments to USD 371.9 million from USD 324.7 million. Investments in retail real estate (shopping malls) fell 78 per cent to USD 85.2 million from USD 380 million. Institutional investments in mixed-use projects rose 42 per cent

From roads to solar: DBL plans ₹15,000 crore energy infrastructure push

Dilip Buildcon plans to invest ₹6,572 crore in Madhya Pradesh solar projects, with its overall energy portfolio expected to generate lifetime revenue of ₹68,000 crore

Brookfield to acquire ESR India's logistics portfolio for ₹4,300 crore

The 10.5 million sq ft portfolio marks Brookfield's entry into industrial and logistics real estate in India, with ESR continuing to manage the assets in the near term

Repo rate hike may raise costs, but real estate demand to stay resilient

Real estate companies in West Bengal on Wednesday said the RBI's 25-basis point repo rate hike could increase borrowing costs for homebuyers and developers, but maintained that the rise is unlikely to impact demand in the long term. The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent on Wednesday, its first increase in nearly four years. "The RBI has increased the repo rate after three years As a result, interest rates of banks and financial institutions on housing and construction loans will increase. This will have some adverse impact on real estate," CREDAI West Bengal president Sushil Mohta said. Primarc Projects MD Siddharth Pansari said the hike may make home loans marginally more expensive, but is unlikely to have a major impact on genuine homebuyers. "In Kolkata, people are buying homes with a long-term view, and their decisions are increasingly driven by the right location, better quality and the lifestyle a home offers. There m

L&T Realty eyes ₹25,000 crore launches across three cities in H2FY27

L&T Realty plans large residential launches across Mumbai, NCR and Bengaluru as it expands its portfolio and builds a development pipeline with 12-quarter visibility

PE investments into Indian real estate rise 23% to $2.7 bn in H1 FY27

Private equity inflows into Indian real estate rose 23 per cent to $2.7 billion in H1 FY27, led by stronger domestic capital and large foreign investments in data centres

Raymond Realty sees 98% Q2 pre-sales growth, keeps leverage below ceiling

The developer said growth came entirely from sustenance sales, while collections rose 67 per cent and two Mahim projects worth over ₹4,100 crore are lined up

Raymond Realty Q2 pre-sales jump 98% to ₹902 crore, collections rise 67%

Raymond Realty's Q2 FY27 pre-sales rose 98% to ₹902 crore, while collections increased 67% to ₹682 crore despite launching no new projects during the quarter

DLF completes sell-out in its senior living project for ₹1,985 crore

Realty major DLF Ltd on Sunday said it has sold all 172 senior living homes for Rs 1,985 crore at Gurugram, amid high demand for luxury housing properties. In a regulatory filing, DLF, the country's largest real estate firm, announced a "complete sell-out" of its newly launched project 'The Aureva' meant for senior citizens. The project, spread across 4.17 acres, is located at Sector 63, Gurugram. "The project has achieved sales of about Rs 1,985 crore, underscoring strong demand for thoughtfully curated luxury retirement living communities that seamlessly integrate luxury, wellbeing, convenience, healthcare access, and meaningful community engagement," DLF said. The average price realisation is Rs 11.5 crore per apartment. The units were sold at Rs 28,000 per sq ft. The company is developing 172 luxury residences in this upcoming project with a total carpet area of over 4 lakh square feet and a total saleable area of over 7.5 lakh square feet. Aakash Ohri, Managing Director and

Lure Holdings eyes $2.5 bn branded realty development per year in India

The US-based platform will partner with Indian developers through Ciril to curate branded projects, initially targeting eight markets with access to over 300 global brands

₹35,000 a Sq Ft? Jaipur Is Quietly Becoming India's Next Ultra-Luxury Housing Market

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Realty, pharma: Investors tap into domestic-economy focused sectors in H1

Going ahead, analysts suggest investors stick to domestic economy-focused sectors as the geopolitical situation still warrants caution.