Page 23 - Real Estate

Prestige, DLF outperform: Top 10 builders eye ₹1.5 lakh cr sales in FY26

Top listed players targeting 23% growth over FY25 in pre-sales this fiscal

Signature Global buys 33.47 acre land parcels in Gurugram for ₹450 cr

Realty firm Signature Global Ltd has purchased 33.47 acre land parcels at Sohna, Gurugram, for around Rs 450 crore to develop housing projects, a top company official said. Gurugram-based Signature Global is one of the leading real estate developers in the country. The company became the fifth largest player in the last fiscal year in terms of pre-sales, selling properties worth Rs 10,290 crore. "We have recently purchased a total of 33.47 acre land in Sohna Gurugram," Signature Global Chairman Pradeep Kumar Aggarwal told PTI on the sidelines of NAREDCO's convention on Saturday. He said the cost of acquisitions stood around Rs 450 crore. These land parcels were bought through three separate sale deeds. The total development potential is around 18 lakh sq ft. "We are always looking for land parcels to expand our business. In Delhi-NCR, we are evaluating multiple deals in Gurugram, Noida, Greater Noida, and Delhi," he said. Land acquisitions in any financial year should be equivale

Sanjeevini Group eyes ₹1,200 cr from Bengaluru's new housing project

Realty firm Sanjeevini Group on Sunday said it is expecting a revenue of about Rs 1,200 crore from its new housing project in Bengaluru. The company has launched a luxury residential project "The Adwaith", spread over 8.3 acres and comprising 668 units, atGunjur in Bengaluru East. The total sales potential of this project is Rs 1,200 crore, the company said in a statement. The project will be developed under a joint development model with landowner. The total built-up area is about 17 lakh sq ft. The units are priced upwards of Rs 1.7 crore. Umesh Gowda H A, Chairman and Founder of Sanjeevini Group, said the company has launched a new project at Gunjur, which is a growing micromarket in Bengaluru because of its good connectivity with other parts of the city. The project is expected to be delivered in 30 months. Sales of residential properties have risen sharply post-Covid pandemic on pent-up demand, growing preference of having home-ownership. Sanjeevini Group has developed over

Realtors body seek stamp duty cut to boost demand for homes up to ₹45 lakh

Realtors body NAREDCO has urged state governments to reduce stamp duty on registration of affordable homes priced up to Rs 45 lakh per unit to boost demand and supply of low-cost apartments. Addressing NAREDCO's annual convention here, the association's president G Hari Babu pointed out that sales and launches of apartments, each costing up to Rs 45 lakh, have declined because of rising costs of land and construction. "States should bring down the stamp duty on registration of affordable homes to 1 per cent for women and 3 per cent for men," he told PTI. The president said that the stamp duty at present is between 5 per cent and 10 per cent across states. Hari Babu also suggested that states should focus on slum redevelopment to boost the supply of affordable housing. NAREDCO Chairman Niranjan Hiranandani too expressed concern over the decline in launches and sales in the affordable housing category. NAREDCO and real estate consultant Knight Frank India released a report, 'Afford

Delhi govt to set up portal for investors to identify land parcels

To improve ease of doing business and streamline land allotment in the national capital, the Delhi government will be developing a portal that will serve as a centralised platform to help investors identify suitable land parcels, officials said. The decision for developing this portal was taken at a recent review meeting held by the Ministry of Home Affairs on compliance reduction and deregulation in Union Territories, they added. The portal will be developed by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), with map-based data support from the Geospatial Delhi Limited (GSDL), they added. The IT Division of DSIIDC has been assigned the responsibility of developing the platform. "The Delhi Land Bank Portal will serve as a centralised, online hub to help investors locate suitable land parcels for industrial and infrastructure development in Delhi," said an official. The divisional heads of the land administration divisions of DSIIDC namely Industrial

15,000 senior living homes by 2030: Should you invest in retirement realty?

senior living homes India 2030, retirement real estate investment, senior citizen housing demand, senior living market report JLL ASLI, silver economy India, retirement planning housing, elderly care

Property prices rise in 45 of 50 cities in Q1 of FY26: NHB report

As many as 45 cities out of 50 registered an increase in property prices during the first quarter of 2025-26, according to data released by the National Housing Bank (NHB). "Out of the 50 cities covered, 5 cities registered a decline in the property prices on an annual basis. Howrah registered the maximum decline of 6.1 per cent followed by Kochi (5.5 per cent) and Thiruvananthapuram (4.8 per cent)," the latest residential housing price index NHB RESIDEX released on Thursday said. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 5.7 per cent during the first quarter of the current fiscal compared to 6.6 per cent a year ago, it added. Seven key primary residential markets witnessed an appreciation in property prices during April-June 2025, it said. Primary residential properties in Ahmedabad witnessed an increase of 6.8 per cent while those in Bengaluru rose by 9.1 per ce

Actor Sonu Sood sells Mahalaxmi flat for ₹8.1 cr; bought at ₹5.2 cr in 2012

The Lokhandwala Minerva Mahalaxmi project offers luxury 4 BHK apartments with prices starting at ₹10.03 crore for a 2,019 sq. ft. unit.

Navi Mumbai to emerge as MMR's next prime office destination: Report

Cushman & Wakefield report highlights Navi Mumbai's cost advantage, 87 per cent office occupancy, and new infra projects including the upcoming international airport by 2025

Senior living market to reach $8 billion by 2030, ASLI-JLL report shows

Rising elderly population, policy push and investor interest to drive demand

ED conducts raids on BPTP offices in Delhi-NCR in foreign funds probe

The Enforcement Directorate (ED) on Tuesday searched premises related to real estate company BPTP across the Delhi-NCR region as part of a foreign exchange violation case involving funds of about Rs 500 crore, official sources said. The multiple locations of the Faridabad-based Business Parks Town Planners Private Limited (BPTP) were searched under provisions of the Foreign Exchange Management Act (FEMA), they said. The company could not be contacted immediately for a response on the ED action. A probe found that BPTP received foreign investment of more than Rs 500 crore under the "automatic route" from foreign companies based in Mauritius during 2007-2008 through put option/swap option in "contravention" of the existing FEMA rules and regulations, according to ED sources. They alleged that company CMD Kabul Chawla anonymously held foreign assets. Multiple FIRs registered against the company and its directors across various police stations in Delhi-NCR are a subject of the ED prob

Anil Kapoor, son Harsh Varrdhan buy Rs 5 cr flat in Mumbai's Bandra West

The deal also includes one garage space. The transaction incurred a stamp duty payment of Rs. 30 lakh and registration charges of Rs. 30,000.

Five years on, no end in sight to China's real estate market crisis

Now a symbol of China's real estate boom and bust, Evergrande was delisted from the Hong Kong Stock Exchange on Monday

Godrej Properties sells homes worth ₹1K cr at Hyderabad project launch

Godrej Properties sold over Rs 1,000 crore worth of homes at the launch of Godrej Regal Pavilion in Hyderabad, marking its second project in the city this year to cross the milestone

Gaurs Group to invest ₹1,400 cr to build project near Yamuna Expressway

Realty firm Gaurs Group will invest Rs 1,400 crore to develop a housing project in the Yamuna Expressway region, Gautam Buddh Nagar district, as part of its expansion plan. In a statement on Monday, the company said it has acquired 12-acre land parcel in Sector 22-D to develop a premium residential project. Gaurs Group, one of the leading real estate developers in the Delhi-NCR market, will invest about Rs 1,400 crore to build this project, it added. "With the imminent operationalisation of the airport, this region is set for exponential growth. Yamuna Expressway is the city of the future, and we are proud to be shaping it," said Manoj Gaur, CMD, Gaurs Group. Gaurs Group has already developed a 150-acre township on the Yamuna Expressway, and it is looking for more land parcels, said Sarthak Gaur, Director of Gaurs Group. Since its inception, Gaurs Group has developed more than 65 million square feet of area and delivered 75,000 units across 70 projects, including three townships.

Gurugram realty co diverted ₹205 cr homebuyers' fund for Colombo hotel: ED

A Gurugram-based realty group collected more than Rs 500 crore from home buyers in the name of giving them housing plots but cheated them and "diverted" about Rs 205 crore out of these funds for a hotel project in Sri Lanka, the ED has alleged in its chargesheet. The federal probe agency is investigating a number of homebuyers "fraud" cases across the country under the anti-money laundering law. A good number of them have been registered in the national capital region (NCR) owing to the booming sector here. This particular investigation pertains to a realty company named Krrish Realtech, its promoter Amit Katyal and some others. Katyal was arrested by the ED in 2023 in a separate money laundering case related to the railways alleged land-for-jobs scam involving RJD chief Lalu Prasad, his wife Rabri Devi and other family members. The Gurugram zonal office of the ED filed a chargesheet against the group and its promoters in July and the local special Prevention of Money Laundering Ac

Godrej Prop up 2% on ₹1k-cr sales at Hyderabad project; time to invest?

Godrej Regal Pavilion is the company's second launch in Hyderabad this year, with both projects surpassing the ₹1,000 crore sales milestone at launch

71% of ₹52,842 cr housing sales go to just 5 builders: Prestige, DLF lead

India's 28 listed real estate companies have together sold properties worth nearly Rs 53,000 crore in the April-June quarter, with Prestige Estates achieving the highest sales bookings.

28 listed Indian realty firms sell ₹53k crore in properties, Prestige leads

India's 28 listed real estate companies have together sold properties worth nearly Rs 53,000 crore in the April-June quarter, with Prestige Estates achieving the highest sales bookings. According to the data compiled from regulatory filings, the total combined sales bookings of these 28 listed realtors stood at Rs 52,842 crore in the first quarter of the current financial year. In terms of sales bookings, Bengaluru-based Prestige Estates Projects Ltd emerged as the leading listed player in the April-June quarter of FY26, with pre-sales of Rs 12,126.4 crore. DLF Ltd, the country's biggest realty firm in terms of market capitalisation, stood at the second position, with pre-sales of Rs 11,425 crore, driven by the Gurugram luxury home market. Mumbai-based Godrej Properties clocked sales bookings of Rs 7,082 crore, while Lodha Developers sold properties worth Rs 4,450 crore during the June quarter. Delhi-NCR-based Signature Global achieved sales bookings of Rs 2,640 crore in the June

CRE Matrix refutes data theft allegations by Delhi-based PropEquity

CRE Matrix denies the allegations of data theft, calling them unfounded, while PropEquity moves the Delhi High Court seeking damages and an injunction