Page 29 - Real Estate

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

Sumadhura Group eyes investment of ₹10,000 crore in next four years

Bengaluru-based Sumadhura Group plans to invest Rs 10,000 crore by FY29 to expand residential, commercial, and warehousing projects while boosting revenue and pre-sales growth

Breathe Easy in the Heart of Mumbai: Sky Estella Offers a Rare Oasis

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Q1 presales solid for India's top listed real estate firms, profits patchy

DLF and Prestige power sales; Godrej and Oberoi face revenue drag

Godrej Properties emerges as top bidder for Hyderabad land at ₹547.75 cr

Godrej Properties has won a 7.83-acre land parcel in Hyderabad's Kukatpally for Rs 547.75 crore, with plans to develop premium residential apartments near HITEC City

NeoLiv to develop ₹150 cr residential project on 17.5 acres in MMR

NeoLiv will develop a 0.36 msf premium residential community in Khopoli, MMR, featuring plotted developments, villas, and world-class amenities backed by Sebi-approved funds

PropEquity sues CRE Matrix for alleged data theft, Delhi HC issues summons

PropEquity has moved the Delhi High Court against CRE Matrix alleging data theft, seeking damages of Rs 8 crore as the court issues summons and sets next hearing for September 19

Landmark Group to invest Rs 400 cr in Gurugram luxury housing project

Landmark Group has announced a Rs 400 crore investment in the second phase of its luxury housing project SKYVUE in Gurugram, featuring premium towers with high-end amenities

Landmark Group to invest ₹400 crore in new Gurugram housing project

Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest Rs 400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq ft. The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. The company has so far delive