Page 28 - Real Estate

Puravankara leases 120,000 sq ft retail space to IKEA in Bengaluru

Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru. In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru. The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026. IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said. Real estate consultant Colliers' office services team was the advisor on this transaction. As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

Greenbay Infra launches ₹400 cr luxury project, eyes ₹1,000 cr revenue

The launch comes five months after YEIDA had warned the developer of cancelling its allotment for a 100-acre Greenbay Golf Village over failure to deposit outstanding dues at the time

CCI Projects to invest ₹700 cr in 53-storey luxury tower in Mumbai region

Realty firm CCI Projects will invest around Rs 700 crore to develop a luxury housing tower in the Mumbai Metropolitan Region (MMR). In a statement on Monday, the company said it has launched 'Skyleap', a 53-storey premium residential tower, comprising 320 apartments. The upcoming tower is part of a 6-acre gated community, 'Rivali Park 2', along the Western Express Highway in Borivali. The project will be developed at an investment of Rs 700 crore, and the company expects to generate a revenue of over Rs 1,250 crore. Mumbai-based CCI Projects Pvt Ltd, established in 2000, has already delivered over 8 towers to date. It has an under-construction portfolio of around 35 lakh sq ft.

Kings Infra signs ₹2,500 cr aquaculture tech park deal with Andhra govt

Kings Infra Ventures Ltd on Monday announced signing of an agreement with the Andhra Pradesh government to develop a Rs 2,500-crore aquaculture technology park near Srikakulam. The 500-acre facility will be India's first AI-driven aquaculture park, Kings Infra said in a statement, positioning the southern state as a hub for technology-enabled sustainable seafood production. Kerala-based Kings Infra will invest Rs 500 crore directly in core infrastructure, processing facilities and research and development, with another Rs 2,000 crore expected from ancillary industries, small businesses and renewable energy ventures, the company said. As per the memorandum of understanding, signed during the recent CII partnership summit held at Visakhapatnam, the project will house hatcheries, indoor farming systems, processing lines and a marine bio-actives division, all integrated through BlueTechOS, the company's proprietary artificial intelligence operating system to be built and operated from .

Changing landscape: India's subpar, ageing malls set for overhaul

Developers converting older malls to mixed-use integrated districts, buoyed by investor interest

Macroeconomic tailwinds to lift sentiment in India's realty sector: Report

India's real estate outlook remains upbeat as easing inflation, fiscal spending, premium housing demand, and strong office leasing fuel confidence, according to the Knight Frank-Naredco

Godrej Properties to launch properties worth ₹22,000 cr for sale in H2 FY26

Godrej Properties will launch around Rs 22,000 crore worth of housing units for sale in the second half of this fiscal year to capitalise on strong consumer demand, a top company official said. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company had given guidance that it would launch properties worth Rs 40,000 crore and sell units of about Rs 32,500 crore during this fiscal year. "We have launched Rs 18,600 crore worth of properties during the first six months of this fiscal. Our sales bookings stood at nearly Rs 15,600 crore. Basically, we did 47 per cent of the launch guidance and 48 per cent of the booking value target. And typically, both are skewed to the second half. So, I would say, we are well on track for meeting or exceeding both of those numbers," he said. Pirojsha said the launch of its housing project at Worli, Mumbai, is underway and hopes to launch a new project in Bandra by March-end. "I think the overall market is ...

Realty firm Anant Raj to invest ₹4,500 cr in AP for data centre facilities

Realty company Anant Raj Ltd will invest Rs 4,500 crore in Andhra Pradesh to set up data centres as part of its expansion plan. In a regulatory filing on Saturday, the company said that its subsidiary Anant Raj Cloud Pvt Ltd (ARCPL) has entered into an MoU with Andhra Pradesh Economic Development Board for building new data centre facilities along with IT Park in Andhra Pradesh and to make investment for development of data centre and cloud services. The MoU intends to support the establishment of a data centre-IT park in the state in a time-bound manner. "ARCPL will make a direct investment of approximately Rs 4,500 crore, to be executed in two phases," Anant Raj said. The agreement provides for ARCPL's phased investment of about Rs 4,500 crore for the development of a data centre-IT park. The investment is expected to create around 8,500 direct and 7,500 indirect jobs. The Andhra Pradesh Economic Development Board (APEDB)will facilitate necessary support for the implementation

High streets hold lead in rental growth as retailers go for visibility

Stagnant rents are largely confined to grade B, grade C malls: Experts

Mumbai realty market sees 4-fold jump in institutional investment: Report

Mumbai's real estate market witnessed a fourfold jump in institutional investments to USD 1.19 billion in the first nine months of 2025, driven by foreign investors which want to fund residential and commercial projects for better returns, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield's India Capital Markets Q3 2025 report showed that the institutional investments in Mumbai jumped to USD 1,195.78 million in January-September period of this year from USD 295.57 million in the year-ago period. Out of the total inflow in Mumbai property market, the consultant noted that foreign capital accounted for two-thirds (67 per cent) at USD 797.7 million, led by investors from the US (USD 500 million) and Japan (USD 297 million). Domestic investors contributed the remaining USD 398 million. Somy Thomas, Executive Managing Director of Capital Markets, noted that the institutional investment in Mumbai real estate market has crossed USD 1 billion mark for the ...

Suraj Estate aims ₹1,200 cr revenue from new commercial project in Mumbai

Realty firm Suraj Estate Developers Ltd expects Rs 1,200 crore revenue from a new commercial project in Mumbai. In a regulatory filing on Thursday, the company informed that it has launched a new commercial project 'One Business Bay' having carpet area of 2.09 lakhs sq ft with an "estimated Gross Development Value (GDV) of Rs 1,200 crore." The project will have 182 premium business office units and also premium retail spaces. Suraj Estates has delivered more than 45 projects totaling over 16.09 lakh square feet of developed area. Its current portfolio includes 13 ongoing projects with a total RERA saleable carpet area of 7.55 lakhs sq ft and 16 upcoming projects with an estimated saleable carpet area of 11.57 lakhs square feet.

Ashtech Group forays into real estate with ₹1,800 cr Greater Noida project

Realty firm Ashtech Group, which is into construction materials and infrastructure development, has entered into the real estate business and will develop around Rs 1,800 crore to build a luxury housing project in Greater Noida. The company's first project will be developed on a fully paid-up 5.6-acre plot, which it acquired from the authority for around Rs 300 crore, Ashtech said in a statement on Thursday. Sumit Agarwal, Director of Ashtech Group, said the company has been in allied sectors such as fly ash bricks, AAC Blocks, Ready-mix concrete (RMC), Pre-Engineered Building, large-scale infrastructure, and power infrastructure. "We believe this is the right time to extend our expertise to real estate development," he added. The company will soon launch the first phase of the upcoming project. Delhi-NCR-based Ashtech Group, which posted Rs 500 crore turnover last fiscal, plans to launch more projects in the coming years. The real estate sector has been performing exceedingly we

Realtor Saya Group clears nearly ₹1,500 crore loans to reduce debt

Realty firm Saya Group has cleared Rs 1,500 core debt from financial institutions and investors in the past five years as part of its efforts to reduce borrowing. The debt comprised term loans, non-convertible debentures, and guaranteed emergency credit line facilities from leading financial institutions, including IIFL Finance Ltd, YES Bank, and 360 One, the company said in a statement. It did not disclose the current outstanding debt. Saya Group Managing Director Vikas Bhasin said, "Clearing Rs 1,500 crore of debt over the last five years reflects our strong financial fundamentals, efficient project execution, and unwavering commitment to our stakeholders." Last month, Saya Group formed a joint venture to develop a two-acre luxury housing project in Ghaziabad and will invest Rs 550 crore on construction of 264 flats. The company has partnered with Harmony Infra to launch an ultra-luxury residential project 'The Horizon Residences' at Indirapuram in Ghaziabad. Saya Group has a .

₹8.3 trillion sold, 0% volume growth: India housing boom built on thin ice

Residential real estate market in India, while demonstrating robust growth in sales value led by the luxury segment, is facing a critical structural challenge that suggests the market may have peaked.

Hill station homes see 8% demand rise on better connectivity, lifestyle

Buyer and investor interest in India's hill property markets has grown 8.2% YoY in Q3 2025, led by improved connectivity, lifestyle upgrades, and flexible work options, according to Magicbricks

Private credit may bridge real estate's mid-stage funding gap: Report

A Sundaram Alternates report pegs a $15-20 billion opportunity in mid-stage construction financing, as banks and NBFCs pull back. ESG-focused private credit could fill the gap

UP RERA approves six projects worth ₹864 crore across five districts

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said it has approved six new real estate projects involving a proposed investment of Rs 863.94 crore across five districts of the state. The approved projects, spread across Bareilly, Kanpur Nagar, Noida, Lucknow and Varanasi, will together develop around 1,470 residential and commercial units, UP RERA said in a statement. According to the authority, Bareilly received approval for two projects, while Kanpur Nagar, Noida, Lucknow and Varanasi were each cleared for one project. The highest proposed investment is in Noida at Rs 444 crore, followed by Kanpur Nagar at Rs 173.64 crore, Lucknow at Rs 136.94 crore, Bareilly at Rs 60.42 crore for its two projects, and Varanasi at Rs 48.94 crore. Most of the projects are residential, while those in Lucknow and Noida are commercial. "The distribution of projects reflects balanced real estate growth across the state and growing investor interest in different regions," UP RERA said i

Puravankara to invest ₹7,000 cr in new housing projects across India

Puravankara plans to invest ₹7,000 crore in upcoming residential projects expected to generate ₹15,000 crore in sales, expanding its presence beyond southern markets

Sale of immovable property outside scope of service tax: Supreme Court

The revenue department had contested a 2019 order of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), which had quashed a tax demand exceeding Rs 10 crore

Luxury real estate sees inventory build-up, investors should diversify

End users should prioritise ready-to-move or near-completion projects to avoid project delays due to developers facing liquidity pressure