Page 2 - Real Estate

SC sets aside HC order against Ambience Mall, rejects CBI probe plea

Supreme Court quashes 2020 HC order directing CBI probe into Ambience Mall, citing delay, lack of bona fides and forum shopping by petitioners

Sunteck Realty buys two-acre Andheri East land with ₹2,500 crore GDV

The company recently announced plans to launch the first phase of its ₹3,000 crore ultra-luxury residential project in Mumbai's Goregaon West, with the initial phase carrying a GDV of ₹1,250 crore

Embassy Developments to invest ₹7,000 crore in Mumbai housing market

Realty firm Embassy Developments on Tuesday said it will invest Rs 7,000 crore in the Mumbai property market to build three new luxury housing projects and complete three ongoing properties as part of its strategy to expand business amid strong consumer demand. Embassy Developments Ltd (EDL) will soon launch three projects at Juhu, Worli and Alibaug in the Mumbai Metropolitan Region (MMR). EDL, erstwhile Indiabulls Real Estate Ltd, is listed on stock exchanges as one of the leading real estate companies in the country. Bengaluru-based Embassy Group also has two other listed firms -- WeWork India and Embassy Office Parks REIT. "We are ready for the next chapter of growth in Mumbai," EDL Chairman Jitu Virwani told reporters here. He said the housing demand continues to be strong. "Mumbai is an important market for us. We will be investing Rs 7,000 crore in MMR," EDL Managing Director Aditya Virwani told reporters here. He said the investments will be focused on completing the thre

Property developer K Raheja weighs IPO that could raise up to $700 million

K Raheja has yet to formally appoint advisers and key details including the timing, structure, and size of the deal could still change

Luxury real estate brothers to face trial in New York sex trafficking case

Two luxury real estate brokers and their brother are scheduled to go on trial in New York City on sex trafficking charges Tuesday, just days after their lawyers renewed their request to a New York judge to toss out charges that they sexually abused dozens of women over the course of a dozen years. Jury selection was expected to last about two days, with opening statements scheduled for next Monday for a trial projected to last until early March. In papers filed in Manhattan federal court on Saturday, defence lawyers complained that prosecutors have unfairly treated their clients by rewriting the indictment as recently as last week and by recently adding charges the defence has not had time to investigate. The latest iteration of the indictment was filed Thursday, the third time in two months that prosecutors have updated an indictment that accuses Oren, Tal and Alon Alexander of showering women with free travel and luxury accommodations before drugging and raping them in vacation ..

Realty firms roll out integrated platforms to tap India's GCC boom

According to Shrinivas Rao, FRICS, chief executive officer (CEO), Vestian, more than 1,850 GCCs are currently operating in India

High demand for luxury units drives housing segment premiumisation

Units priced ₹1 crore and above increase market share to 63% of total units sold in 2025

L&T Realty acquires land rights in Mumbai's Lower Parel for ₹448 crore

L&T Realty acquires land rights in Mumbai's Lower Parel for ₹448.6 crore to develop a commercial office project in one of the city's prime micro-markets

Oberoi Realty's Q3FY26 results: Profit grows marginally to ₹622 crore

Oberoi Realty's Q3FY26 profit rises marginally to ₹622.6 crore, missing estimates; revenue up 5.8%, no new launches during the quarter

ASK Property Fund to invest ₹210 cr in residential projects in Navi Mumbai

ASK Property Fund, part of the Blackstone-backed ASK group, will invest ₹210 crore in two Gami Group residential projects in Navi Mumbai, citing strong demand and infrastructure-led growth

Sunteck Realty to launch ₹3,000 crore ultra-luxury goregaon project

Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29

Consumer Protection: Fit-out possession does not count as delivery of flat

The Chandigarh State Commission noted that obtaining both certificates - completion and occupation - is a must to make possession offer legally valid

Proptech firms see sustained investor interest amid deeper adoption

India's proptech sector is scaling fast as startups shift to profitable, tech-led models, drawing investor interest and reshaping how real estate is bought, built and managed

Lodha Developers net debt rises 15% to ₹6,170 cr on land acquisitions

Realty firm Lodha Developers Ltd's net debt rose 15 per cent during October-December period to Rs 6,170 crore because of aggressive land acquisitions for business expansion. Lodha Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country. In its operational update, the company informed that its net debt stood at Rs 6,170 crore at the end of the third quarter of 2025-26 fiscal year. The net debt was Rs 5,370 crore as on September 30, 2025. "Despite the significant investment in business development in the first nine months of this fiscal, our net debt stood at Rs 61.7 billion, well below our ceiling of 0.5x net debt/equity," Lodha Developers said. During the latest December quarter, the company acquired 5 land parcels in Mumbai Metropolitan Region (MMR), Delhi-NCR and Bengaluru to develop projects. It acquires land parcels through outright purchases and partnerships with landowners to create strong pipeline of future ...

Residential assets lead as Gurugram attracts ₹86K cr investments in 2025

With ₹86,588 crore in projects cleared in 2025, Gurugram cements its place as India's hottest real estate hub-spanning premium homes, IT parks and mass housing

Why did Prestige Estates' share price rise 3% in trade today? Details here

Prestige Estates shares rose after the company's announcement of record-breaking operational results for Q3 and 9MFY26, coupled with launch of a new premium residential project in Bengaluru.

Virat Kohli, Anushka Sharma buy over 5 acres of land in Alibaug for ₹38 cr

The transaction was registered on 13 January 2026 and involves two adjoining plots located

Rethinking affordable housing: Reforms needed in land, finance and rentals

India's urban housing crunch needs more than subsidies-it needs a policy reset that makes affordable homes viable for builders, investors and cities alike

Hartford Global rents 1.6 lakh sq ft in Hyderabad for ₹92 lakh/month

The transaction covers two separate office units within the same commercial complex:

Prestige Estates Q3FY26 sales bookings jump 39% to ₹4,184 cr on high demand

Realty firm Prestige Estates Projects Ltd has reported a 39 per cent increase in its sales bookings to Rs 4183.6 crore in the third quarter of this financial year on better demand for its housing properties. In a regulatory filing late Wednesday, the Bengaluru-based company informed that the company's sales bookings or pre-sales jumped over two times to Rs 22,327.3 crore during the first nine months of this fiscal year. Irfan Razack, Chairman & Managing Director, Prestige Estates Projects Ltd, said, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning," he added. Sales volume stood at 2.99 million sq ft in the third ...