Page 24 - Real Estate

Sunteck Realty launches uber luxury brand, eyes ₹20,000 crore revenue

The first projects include an ultra-luxury development at Nepeansea Road in South Mumbai and another in Downtown Dubai's Burj Khalifa community, marking Sunteck's international debut

HDFC-backed Reloy eyes 75% revenue growth in FY26 on better housing sales

HDFC Capital-backed proptech startup Reloy, which helps builders generate referral sales, expects 75 per cent growth in its revenue this fiscal to Rs 50 crore on strong demand for housing properties. The company posted a 60 per cent jump in gross revenue to Rs 28.5 crore in 2024-25 from Rs 17.8 crore in the preceding financial year. "We are expecting to clock a Rs 45-50 crore revenue in the current fiscal," Reloy founder and CEO Akhil Saraf told PTI. Reloy manages customers and property brokers on behalf of its builder clients through dedicated mobile applications, and it gets a nominal commission on referral sales. Saraf said the company's performance in the first six months of this fiscal year has been very strong. Reloy is targeting to facilitate Rs 3,500 crore worth of sales in the current fiscal compared to Rs 2,000 crore through referral-led sales in the last fiscal, Saraf said, highlighting that referral sales in the first six months of this fiscal have already surpassed th

Bengaluru to see 21% growth in housing sales in July-Sept: PropEquity

Bengaluru's housing market is witnessing strong demand, with sales estimated to rise 21 per cent in July-September to 16,840 units, according to PropEquity. Sales in Bengaluru's primary housing market stood at 13,966 units in the year-ago period. Real estate data analytics firm PropEquity data showed that sales of residential properties are likely to increase to 49,559 units during January-September period of 2025 calendar year as against 46,392 units in the corresponding period of the preceding year. With start of the festive season, real estate developers feel that sales in Bengaluru during the fourth quarter of this calendar year would rise further, closing the year on a strong note. Sales of housing in the Bengaluru market stood at 61,116 units in the 2024 calendar year, down from 66,600 in the preceding year. During the COVID pandemic year 2020, sales stood at only 34,480 units but demand revived in subsequent years because of the pent-up demand. Sales increased to 43,181 un

UP Rera approves 21 projects worth ₹7,035 cr, 10,866 housing units planned

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 21 new projects worth Rs 7,035 crore, paving the way for 10,866 housing and commercial units across the state. The clearances were given on Saturday in the 184th meeting of the Authority, chaired by Sanjay Bhoosreddy, UP RERA said in a statement. "The approval of 21 projects, adding nearly 11,000 new units, highlights the momentum of real estate growth in Uttar Pradesh. With investments of about Rs 7,035 crore, these developments will meet housing needs across diverse income groups and also create significant economic opportunities for the state," Bhoosreddy said. The projects, spread across Gautam Buddh Nagar, Ghaziabad, Lucknow, Mathura, Agra, Bareilly, Varanasi and Barabanki, include residential apartments, villas, plots and commercial spaces. UP RERA said the developments are expected to generate employment in construction and allied sectors while expanding housing availability, with a share reserved for

Panchshil Realty buys Capgemini's Thane Knowledge Park for ₹550 crore

Panchshil Realty has bought Capgemini's Thane Knowledge Park for Rs 550 crore, expanding its office space portfolio as Mumbai's commercial property market sees major shifts

Maharashtra invites realty firms to develop 13K acres of MSRTC land

Maharashtra will lease 13,000 acres of MSRTC land in key cities for residential and commercial projects under the build-operate-transfer model to boost revenue and modernise facilities

Delhi HC dismisses a petition for 'fabricated, AI-generated content'

In a dispute over delayed possession of flats in Gurugram, GWA had filed a petition and attempted to support it by quoting old judgments

Kartik Aaryan, parents buy ₹13 cr office space in Mumbai's Andheri West

he buyers paid ₹78 lakh in stamp duty and ₹30,000 in registration charges.

FinMin calls meet with lenders on Swamih Fund II scope expansion

Finance Ministry to discuss SWAMIH Fund II, a ₹15,000 crore blended finance facility to complete 1 lakh homes, building on the success of India's largest real estate stress fund

Housing sales in top 7 cities fall 9% to 97,080 units in Q3 2025: Report

Housing sales across India's top seven cities fell 9% YoY in Q3 2025, but sales value rose 14% to Rs 1.52 trillion as luxury housing drove new launches and demand

SC orders builder to refund ₹43L with 18% interest for delayed possession

Despite payments totaling ₹43.13 lakh by 2015, the promised possession was never delivered. Instead, the company charged him 18% interest for alleged payment delays.

Housing, plot prices soar along Yamuna Expressway; plots jump 6x in 5 years

Housing prices in projects along Yamuna Expressway in Delhi-NCR has risen 2.5 times while rates of plots jumped more than sixfold in the last five years driven by infrastructure development

Sri Lotus Developers stock price today: Up 6% on Motilal Oswal 'Buy' rating

Sri Lotus Developers share price jumped after domestic brokerage Motilal Oswal initiated coverage on the stock with a 'Buy' rating, with a target of ₹250 per share, which reflects an upside of 35%.

InCred, Analah consortium invests ₹50 cr in PRISM-backed Sunday PropTech

Sunday PropTech, backed by PRISM, raises Rs 50 crore from InCred and Analah-led consortium to expand premium and mid-premium hotels under brands such as Sunday and Townhouse

Developers eye festival season demand, GST cuts to revive housing sales

Real estate developers expect GST cuts on inputs and festive buying sentiment to spur housing demand across luxury, mid-segment and Tier-2 cities after a lull in sales

Zomato Hyperpure leases 2.5 lakh sq ft of warehousing space in Bhiwandi

Zomato Hyperpure is a business-to-business (B2B) platform providing kitchen solutions, set up by the restaurant aggregator Zomato

SC allows CBI to register six more real estate fraud cases in Delhi-NCR

The Supreme Court on Tuesday allowed the CBI to register six more regular cases into the "unholy nexus" between banks and developers to dupe homebuyers in real estate projects in Mumbai, Bengaluru, Kolkata, Mohali and Prayagraj. A bench of Justices Surya Kant, Ujjal Bhuyan and N Kotiswar Singh allowed the CBI to proceed as per law after Additional Solicitor General Aishwarya Bhati, appearing for the agency, mentioned that it has completed preliminary inquiry in projects of the various builders except Supertech Ltd, falling outside Delhi-NCR in Mumbai, Bengaluru, Kolkata, Mohali and Prayagraj. The bench noted the submission of the Central Bureau of Investigation (CBI) that, after preliminary inquiry, it has found a cognisable offence being made out and allowed the agency to register regular cases and proceed according to law. Bhati said the agency is willing to register six regular cases for speedy investigation and conduct a search and seizure in the matter. The top court directed

Brigade Group inks 7.5-acre Banashankari project worth ₹1,200 crore

Brigade Group has signed a joint development agreement for a 7.5-acre residential project in Banashankari, Bengaluru, with a GDV of Rs 1,200 crore, adding to its housing pipeline

Arnya Real Estate Fund, Supreme Universal to launch ₹1K cr equity platform

The fund will particularly focus on redevelopment projects, with Supreme being an execution partner

HoABL uses agentic AI to sell oversubscribed Naigaon housing project

HoABL's Naigaon project, developed with Mittal Builders, drew 8,838 registrations for 1,419 homes as the firm used agentic AI to run sales without site visits or staff