Page 26 - Real Estate

Oberoi Realty tops bid for Railway land in Mumbai's Bandra for ₹5,400 cr

Mumbai-based Oberoi Realty has emerged as the highest bidder for an 11-acre Railway land parcel in Bandra East for ₹5,400 crore, securing development rights on a 99-year lease

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Oberoi Realty wins bid for 11-acre land in Mumbai for Rs 5,400 cr

Oberoi Realty has emerged as the highest bidder for an 11-acre land in Mumbai with a bid value of Rs 5,400 crore. In a regulatory filing, the company said it had participated in the bids invited by Railway Land Development Authority (RLDA) for the grant of a lease for the development of 45,371 sq metre (about 11 acres) of railway land in Bandra East for 99 years, with Floor Space Index (FSI) potential of 19.50 lakh sq ft. The financial bids were opened by RLDA on Wednesday. "The company's bid at Rs 5,400 crore has emerged as the highest," it said. Oberoi Realty said the communication from RLDA with respect to the next steps in the process is awaited. Last month, the company reported a marginal increase in consolidated net profit to Rs 622.64 crore for the quarter ended December 31, 2025. Its net profit stood at Rs 618.38 crore in the year-ago period. Total income rose to Rs 1,561.74 crore in the third quarter of this fiscal, from Rs 1,460.27 crore in the corresponding period of

G Square acquires TVS founder's legacy land in Madurai for ₹167 crore

Five-acre heritage parcel in central Madurai to be developed into premium residential and commercial plotted project

Rustomjee Q3FY26 results: Profit falls 78% on sharp revenue decline

Lower revenues in the December quarter dragged Keystone Realtors' profit sharply lower, even as nine-month pre-sales growth remained strong

Signature Global reports net loss of ₹45.33 crore in Q3 on lower income

Realty firm Signature Global has posted a consolidated net loss of Rs 45.33 crore in the quarter ended December on lower income. The company had posted a net profit of Rs 29.13 crore in the year-ago period. Total income fell to Rs 312.76 crore during October-December period of this fiscal from Rs 862.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said the company has continued to deliver steady performance during the first nine months of this fiscal. "While the real estate market has witnessed some softness, the current environment clearly favours developers with a proven track record of delivering quality homes and truly consumer-centric offerings. Our recently launched wellness-centric project, Sarvam at DXP Estate, has received robust demand, reflecting evolving buyer preferences towards thoughtfully designed, health-focused living spaces," he ...

Indian housing mkt breaks into global top 10 by price growth, rising 9.6%

India's housing market ranked among the global top 10 as prices rose 9.6% year-on-year in 2025, led by strong demand in premium and mid-income segments

Godrej Properties sells plots worth over ₹1,000 cr at project in Panipat

Godrej Properties said it has sold over 600 plots worth more than ₹1,000 crore at its Evora Estate project in Panipat, marking its most successful plotted development launch by value

India's housing pips global peers as prices rise faster than most countries

India ranks 10 th in price growth with 9.6% annual growth; only APAC market in top 10

Budget 2026 announcements expected to give indirect boost to realty sector

Industry executives say the Budget's focus on data centres, city economic regions and infrastructure funding for tier 2 and 3 cities could spur demand across industrial, warehousing, office and reside

Godrej Properties sells homes worth ₹2K cr in Phase-I of Worli project

Planned across 2.63 acres, the project offers three-bedroom and four-bedroom residences with three apartments per floor

Nexus Select Trust's Q3FY26 net operating income rises 15% to ₹450 cr

The Mumbai-based real estate investment trust (Reit) reported a leased occupancy of 97 per cent across its assets for Q3 FY26

Anant Raj stock price soars 14% on heavy volumes in weak market; here's why

As India emerges as a global hub for data centre expansion, driven by rapid data consumption and adoption of cloud reforms, Anant Raj is well-positioned to capitalise on the emerging opportunities.

Budget proposes to set up dedicated REITs to recycle CPSE realty assets

Finance Minister Nirmala Sitharaman said CPSE assets will be recycled through Reits, a move experts say could expand investable real estate supply, deepen markets and provide liquidity

Real-estate firm Confident Group's founder CJ Roy dies by suicide

Confident Group founder C.J. Roy dies by suicide in Bengaluru amid reported income tax raids, police say investigation is underway

Godrej Properties acquires 8.5-acre Pune land, eyes ₹2,000 cr revenue

The real estate developer plans group housing on the land parcel in the Mahalunge-Hinjewadi micro-market, with a developable potential of about 2.1 million sq ft

IBM signs 10-year lease for 230,000 sq ft office space in Gurugram

US technology major leases space at Tata Realty's Intellion Park as demand for offices in tier-I cities stays strong and absorption continues to outpace new supply

Eco Survey flags restrictive land-use norms as key drag on realty supply

Restrictive land-use rules and low FSI caps are choking housing supply, turning land into dead capital and worsening affordability, the Economic Survey 2025-26 warns

Peninsula Land banks on plotted development for next phase of growth

Peninsula Land launches Peninsula Estates to tap rising demand for plotted developments, with new projects planned in Karjat and Alibaug near Mumbai

Low R&D intensity, risk aversion hobble corporate competitiveness: Survey

Indian corporate investment is characterised by low R&D intensity and concentration in real estate-linked, regulated, or quasi-monopolistic sectors with a relative lack of willingness and appetite to invest towards long-term risk absorption and become globally competitive, according to the Economic Survey. In a society undergoing rapid structural change, the private sector's legitimacy will increasingly rest on its ability to marry commercial dynamism with a conscious contribution to nation-building, the pre-Budget tabled in Lok Sabha on Thursday said. Citing historical records of instances in different parts of the world where business leaders and firms acted not merely as profit-seeking entities but as institutional partners in broader national projects at various stages, it said the Indian private sector needs to recognise its role in shaping social trust and institutional credibility. The Survey said the Indian corporate sector operates "in a hybrid zone where rents are ...