Page 2 - Real Estate

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

Birla Estates clocks over ₹1,600 crore in bookings at Gurugram project

Nearly 97 per cent of the residences - 152 of 156 units - have been sold, underlining strong buyer confidence in the brand's luxury developments in Gurugram

Iran war-led deferments drag Lodha Developers' FY26 pre-sales below target

The company expects to reduce business development investments over the next 24 months and increase free cash flow

Lodha Developers' pre-sales up 23% at ₹5,890 cr in Q4, misses annual target

Realty firm Lodha Developers on Tuesday reported a 23 per cent increase in pre-sales to Rs 5,890 crore during the last quarter, but failed to meet the annual target because of West Asia conflict. The pre-sales or sales bookings stood at Rs 4,810 crore in the year-ago period. During the full 2025-26 fiscal, the company's sales bookings rose 16 per cent to Rs 20,530 crore from Rs 17,630 crore in the preceding year. In a regulatory filing, the company shared the operational update of the January-March quarter of 2025-26 fiscal. "We achieved our best ever quarterly pre-sales of Rs 58.9 billion in Q4, FY26 (+23 per cent year-on-year)," Lodha said. "Our pre- sales for the full year stood at Rs 205.3 billion in FY26 (+16% YoY growth), March saw select deferral of sales due to the Iran war leading to pre-sales being Rs 4.7 billion below guidance," the company pointed out. Lodha Developers had set a target of achieving Rs 21,000 crore worth pre-sales during the 2025-26 fiscal. Lodha ..

Mixed Q4 seen for top realty players amid launch delays, softer sentiment

West Asia conflict weighs on margins; prolonged war a risk to profitability

Max Estates FY26 pre-sales dip slightly despite strong Q4 demand

Developer reports marginal dip in annual pre-sales, but Q4 bookings surge on new launches, with strong pipeline and steady collections supporting growth outlook

West Asia war: Pressure builds on developers to hike prices as costs rise

Rising construction costs raising margin pressures; timelines maybe pushed by 3-6 months; mid-to-small scale developers more impacted

Foreign firms lease record 9.1 mn sq ft office space for GCCs in Q1: CBRE

Foreign firms leased a record 9.1 million sq ft office space last quarter across India's top 9 cities to set up Global Capability Centres (GCCs), according to CBRE. Real estate consultant CBRE on Monday released its office market data for January-March period, which showed that the office space demand remained strong driven by leasing of workspaces for establishment of GCCs. As per the data, the total gross leasing of office spaces rose 5 per cent across top 9 cities to 20.7 million square feet in January-March from 19.7 million square feet in the year-ago period. The nine cities are -- Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad and Kochi. The leasing of space for GCCs stood at record 9.1 million sq ft in the January-March period, the highest in any quarter. "The record GCC leasing activity is a definitive signal of India's position as the global destination of choice for high-complexity capability functions," said Anshuman Magazine, Chairman & CEO,

Builder can't forfeit more than 10% of total price on payment default

The National Commission cited the Supreme Court's observation that in appropriate cases the consumer forum has the authority to decide whether the terms of an agreement are valid

Iran war keeps home price growth under check across top 7 cities: Report

India's top seven housing markets saw a muted 2 per cent growth in average prices during January-March against the previous quarter as sales fell amid negative consumer sentiments because of the West Asia conflict, according to Anarock. Real estate consultant Anarock data showed that the average housing prices across seven major cities rose to Rs 9,456 per square feet in January-March from Rs 9,260 per square feet in the preceding quarter. On an annual basis, the prices rose 7 per cent from Rs 8,868 per square feet in January-March 2025. Anarock tracks primary (first sale) housing markets of seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai and Kolkata. Anarock pointed out that housing sales across these seven cities fell 7 per cent in volume terms and 6 per cent value-wise during January-March 2026 from the previous quarter. This kept prices under check to a large extent. As per the data, the average housing price in Delhi-NCR ...

Prestige Estates launches township in Hyderabad, GDV pegged at ₹9,500 cr

Prestige Golden Grove in Tellapur to offer over 5,000 homes as developer expands in high-growth Hyderabad market amid rising demand

Accenture leases 1.65 lakh sq ft office space in Noida for ₹195 crore

IT major signs five-year lease with Onward Coworkx in Noida, reflecting sustained demand for office space amid strong leasing activity in metro cities

India's Reit market gathers momentum, beats peers on returns: Anarock

India's Reit market gains traction with strong returns, high occupancy and regulatory support, outperforming Asian peers and drawing rising investor participation

Mahagun Group secures ₹225 crore from CSL Finance to speed up delivery

Mahagun Group raises Rs 225 crore from CSL Finance to accelerate construction and improve liquidity, following its recent exit of Blackstone-backed ASK Property Fund