Page 20 - Real Estate

Aditya Birla Real Estate aims ₹1,700 cr revenue from 1st housing project

Aditya Birla Real Estate Ltd (ABREL) will redevelop a housing society in Mumbai and expects a revenue of Rs 1,700 crore from free-saleable area. In a regulatory filing on Friday, the company said its subsidiary Birla Estates Pvt Ltd has entered into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). Birla Estates will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai's Western Suburbs. The project is being developed under a joint redevelopment arrangement with Parinee Real Estate Builders. "With a saleable area of 2.9 lakh sq ft, the project has an estimated revenue potential of Rs 1,700 crore," ABREL said. Birla Estates develops premium residential housing in key markets. It also has a commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai, with 6 lakh sq ft of leasable area.

Housing sales dip 7% in Q1 2026 across top cities amid Iran war: Anarock

Sales fell quarter-on-quarter as war-led uncertainty hit sentiment, while new launches outpaced demand, pushing unsold inventory above 600,000 units

Madhuri Dixit takes office on lease in Lower Parel for ₹4.25 lakh per month

Bollywood actress Madhuri Shankar Dixit has taken a commercial unit on rent in Mumbai, with a starting monthly rent of Rs. 4.25 lakh,

Stuck in an unregistered housing project? UP RERA's new rules could help

Under the revised Regulation 24, the authority has clarified long-pending ambiguity regarding whether allottees in unregistered projects can seek relief under RERA.

Airport-led boom: Property prices along Yamuna Expressway triple in 5 yrs

According to the report, the soon-to-be-launched Jewar airport will have significant long- term effects on housing demand, pricing and investment activity in the Noida housing market.

Regulator approves real estate projects worth ₹5,200 crore in Noida

These 24 projects encompass 7,830 residential and commercial units, contributing to urban development and expanding housing and commercial infrastructure

Office leasing up 15% on-year in Jan to Mar 2026 on occupier demand

Office leasing in India's top cities rose 15% in Q1 CY26, driven by strong occupier demand and GCC expansion, with flex leasing also gaining a larger share

Pune-based realty developer Amar Builders buys land parcel for ₹300 crore

Citycon Infratech, linked to Amar Builders, acquires 13.22-acre land parcel in Pune's Mundhwa for Rs 300 crore, as residential market trends show mixed signals across segments

India's housing affordability likely to stabilise this year: Report

Household income growth likely to outpace property price appreciation in six major cities, says CBRE

Income growth to overtake property price hikes for first time since 2021

EMI-to-income ratio is projected to plateau through 2028

Office leasing up 15% in Jan-Mar to 18.3 mn sq ft across 7 cities: Colliers

Demand for office space remained strong this quarter despite global uncertainties, as gross leasing of workspace rose 15 per cent to 18.3 million sq ft across seven major cities, according to Colliers India. Real estate consultant Colliers India on Thursday released the data for office market for the January-March period of this calendar year. Gross leasing of office space across seven cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune -- stood at 18.3 million sq ft during the current quarter as against 15.9 million sq ft a year ago. "This continued momentum has been supported by strengthening occupier demand across sectors and expanding Global Capability Centres (GCCs) footprint, despite ongoing global uncertainties," the consultant said. Bengaluru, the biggest office market, saw an 18 per cent growth in office leasing to 5.3 million sq ft during January-March from 4.5 million sq ft in the corresponding period of the preceding year. In Hyderabad, the ..

Elevated construction costs may put pressure on developers' margins

Rising construction costs, supply disruptions, and labour pressures are squeezing developers' margins, even as demand resilience and tech-led efficiencies help cushion the impact

Puravankara plans 30-project launch pipeline worth ₹55,000 crore

Developer plans 30 projects across South India and Mumbai, while exploring a foray into data centres as demand from Gulf-based buyers rises amid global uncertainties

Godrej Seeds and Genetics buys office space for ₹365 cr in Vikhroli

Godrej Seeds and Genetics acquires over 70,000 sq ft office space in Mumbai's Vikhroli through three transactions, reflecting sustained demand in India's office market

Brigade Enterprises eyes ₹1,100 cr revenue from Bengaluru housing projects

Realty firm Brigade Enterprises Ltd is expecting a revenue of more than Rs 1,100 crore from a new housing project in Bengaluru. In a regulatory filing on Wednesday, the company said it has launched 'Brigade Belvedere', a 10.75-acre residential development in East Bengaluru. This initial phase of the project comprises 773 premium residential units with an estimated revenue potential exceeding Rs 1,100 crore, it added. Established in 1986, Brigade Group is one of India's leading property developers. It has developed many housing, commercial and hospitality projects. The company has presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.

Blackstone-backed ASK Property Fund exits Mahagun's project for ₹650 cr

ASK Property Fund has exited Mahagun's Noida project with Rs 650 crore, earning a 21 per cent IRR, as the stalled development sees revival following NCLT relief

Emkay Global initiates coverage on Kalpataru with 'Buy', sees 48% upside

Emkay Global has set a target price of ₹420, implying an upside of 48 per cent from March 23 closing price of ₹283 on the NSE

₹2.9 cr flats: Shapoorji Pallonji launches 137-unit project in Santacruz

Premium housing push continues as SPRE launches project near BKC

Nifty Realty down 5%; Lodha, DLF, Prestige Estates fall up to 6%: Check why

The Nifty Realty index tanked over 34 points or 4.8 per cent to the day's low at 662.85

Godrej, Lodha acquire 25+ land parcels; eye ₹1 lakh crore housing pipeline

Housing boom fuels land rush among top real estate developers