Page 25 - Real Estate

Realty companies upbeat on GST reforms, expect better affordability

Lower costs to be passed on to consumers, move to drive demand

Rs 1,100 crore deal: Nehru's Delhi bungalow may be India's costliest home

Nehru Delhi bungalow deal: From Nehru's first bungalow in Delhi to Mumbai's sea-facing towers and Gurugram penthouses, India's luxury property market keeps setting new records

Cheaper cement, lower costs: GST cuts could revive affordable housing

GST Council has cut cement tax to 18% and reduced rates on key building materials, easing costs for developers and homebuyers. Experts say the move could revive affordable housing, fuel jobs

India's office market speeds up institutionalisation with more Reits ahead

India's office real estate is shifting from fragmented ownership to institutionalisation with rising Reit penetration, global investors, and growing demand from multinational occupiers

Buying near Dwarka ISBT or Bandra? Why homes near metros could gain more

Delhi-NCR leads with the highest potential of 32 mn. sq. ft. due to its rapidly evolving metro network, ISBTs and urban railway stations

Mumbai nears 1 lakh property registrations in 2025, ₹5 cr+ homes rise to 6%

Homes priced above ₹5 crore contributed 6% of registrations, compared to 5% last year, while the ₹2-5 crore segment dipped by 3%

Arkade Developers to buy 3.54-acre Bhandup West land for ₹148 crore

Arkade Developers has signed an MoU to acquire Woollen and Textile Industries Ltd, giving it ownership of a 3.54-acre land parcel in Bhandup West for Rs 148 crore

Arkade Developers buys 14,364 sq metre land in Mumbai for ₹148 crore

Realty firm Arkade Developers Ltd on Wednesday said it has bought 14,364 sq metre land in the Mumbai Metropolitan Region (MMR) for Rs 148 crore. In a regulatory filing, the company informed that it has entered into an MoU (memorandum of understanding) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd. "The proposed acquisition includes a land parcel admeasuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is Rs 148 crore," Arkade Developers said. The company has completed 31 projects comprising 5 million square feet of area so far. It is constructing another 2 million sq ft area. Mumbai-based Arkade Developers is one of the leading real estate firms in the country.

Spend ₹5 lakh on interiors, gain ₹30 lakh in resale: NCR tops at ₹5.8 lakh

Bengaluru, Hyderabad trail Delhi in Interior Spend: Average ₹5.2-₹4.9 lakh per home

India's top cities hold 106 mn sq ft TOD real estate potential: CBRE

CBRE estimates 106 million sq ft TOD-linked real estate potential in India's top cities, with Delhi-NCR, Mumbai, and Chennai leading growth around major transit hubs

Brigade Group targets 15% pre-sales growth to ₹9,000 crore in FY26

Brigade Group targets Rs 9,000 crore in pre-sales for FY26, plans 10 million sq ft of office space in five years and may consider REIT to monetise its commercial portfolio

Puravankara shares zoom 7% as arm bags Malabar Hill redevelopment project

At 10:45 AM, Puravankara share was trading 2.08 per cent higher at ₹292.25. In comparison, BSE Sensex was trading 0.42 per cent higher at 80,704.82 levels.

4 reasons why Motilal Oswal upgraded Phoenix Mills to 'Buy'; target raised

On the bourses, Phoenix Mills share has gained nearly 3 per cent over the past month, although it remains 4.5 per cent lower on a year-to-date (YTD) basis.

Mumbai property registrations dip 3% in August, stamp duty down 6%

Mumbai registered 11,230 properties in August 2025, down 3% year-on-year, with stamp duty falling 6% as residential demand dominated and luxury housing gained traction

Excel Infra to invest ₹252 cr in luxury housing project in Mumbai

Realty firm Excel Infra Construction on Monday said it will invest Rs 250 crore to develop a housing project in Mumbai. In a statement, the company said it has launched a luxury residential project at Bandra Reclamation with an investment of Rs 252 crore. The funding will be through a mix of equity and Alternative Investment Fund (ATF) structured as non-convertible debentures. The company expects revenue of Rs 400 crore from this project, comprising a 33-storey residential tower comprising 96 units. The apartments in the project named 'Bellissima' are being sold at Rs 51,500 per square feet. "With a well-structured investment and the adoption of advanced construction technology, we are confident of delivering a project much ahead of the scheduled date of delivery," said Virendra Vora, Promoter and Managing Partner, Excel Infra Construction. Excel Infra has developed more than 20 projects across Mumbai.

Top developers on track to hit ₹1.49 trn pre-sales target in FY26: Anarock

India's top 10 listed developers logged ₹44,317 crore in Q1 pre-sales, nearly 30% of their FY26 target of ₹1.49 trillion, with DLF and Prestige leading the momentum

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