Page 29 - Real Estate

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

Bernhard Schulte's India arm buys Mumbai office space for ₹304 crore

BSM, which currently operates from Powai, manages a diverse fleet of vessels including bulk carriers, container ships, and tankers

Knowledge Realty Trust leases 1.8 mn sq ft in H1FY26, GCCs dominate leasing

The real estate investment trust (Reit), backed by Sattva Group and Blackstone, also achieved annual rental escalations on over 90 per cent of leases signed during the H1 period

Kalpataru's Q2FY26 results: Profit declines 81.9% to to ₹5.4 crore

In the first half of FY26 (H1FY26), the company's revenue grew 19.31 per cent Y-o-Y to ₹1,236.97 crore. However, Kalpataru incurred a loss of ₹43.98 crore during the same period

FY26 home sales value may rise 20% on year; but volumes to remain flat

India's real estate boom is increasingly driven by wealthy homebuyers, not broad-based mass-market demand.

Housing sales value to rise 19% in FY26 even as volumes stagnate: Anarock

India's housing market could surpass Rs 6.65 trillion in sales value in FY26, led by strong demand for luxury and ultra-luxury homes, even as sales volumes see muted growth, according to Anarock

Godrej Properties may cross ₹32.5k cr sales target for FY26 on high demand

Godrej Properties will meet or may even exceed its pre-sales target of Rs 32,500 crore for this fiscal, as the housing demand environment continues to be "attractive", a top company official said. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej exuded confidence that the company would achieve annual guidance across key metrics -- pre-sales or sales bookings, collections from customers, deliveries, new project launches, and land acquisitions. On the company's second quarter performance, he said, "I think, overall market is holding up well. The demand environment continues to be quite attractive". Pirojsha said the company's pre-sales grew 13 per cent in the first six months of this fiscal to Rs 15,587 crore from Rs 13,835 crore in the year-ago period. "We have already achieved about 48 per cent of our full-year guidance. Now, if you look at past years, typically, the second half is always quite a bit stronger than the first half. So, we are very ...

Shubhashish Homes Hosts Vendor Meet 2025 at Its Flagship Project, Shubhashish Marina in Jaipur

Partners unite at Jaipur's flagship project to discuss collaboration and growth

Gaurs Group eyes ₹2k cr from sale of flats in new Yamuna Expressway project

Realty firm Gaurs Group is expecting a revenue of around Rs 2,000 crore from its new premium housing project in Yamuna Expressway region on strong demand, its director Sarthak Gaur said. Gaurs Group, one of the leading real estate developers in the Delhi-NCR market, has already developed a 150-acre township on Yamuna Expressway. On Friday, Gaurs Group launched the first phase of its new housing project in the Yamuna Expressway region, Gautam Buddha Nagar district. Gaur said the company will develop around 950 units, with a saleable area of 20 lakh square feet, in the first phase of this 12-acre project. Another 250 units will come up in the second phase. "We are expecting a revenue of around Rs 2,000 crore from the first phase," Gaur said. Gaurs Group has launched this project at a basic selling price (BSP) of Rs 8,000 per sq ft. The price of an apartment starts from Rs 1.9 crore. Sarthak said the company is witnessing good response from customers for this green project with lot

Over 65% owners paid part of property deal in cash: LocalCircles Survey

A LocalCircles survey says black money use remains rampant in India's real estate market, with two-thirds of buyers paying in cash and 44 per cent admitting to bribing multiple officials

Signature Global reports ₹48.8 cr net loss in Q2FY26 amid 56% revenue fall

The developer also saw a 56 per cent year-on-year (Y-o-Y) drop in revenue from operations for Q2FY26 to Rs 338.49 crore, down from Rs 749.28 crore in Q2FY25

India's housing markets see sales slowdown in Q3 2025: Housing.com

Residential sales across India's top eight housing markets stayed flat in Q3 2025 as rising land prices, construction costs, and inflation continued to weigh on affordability

Large caps, banks, realty, gold: ASK's roadmap to building wealth in 2026

ASK Investment Managers continue to focus on domestic-oriented companies. While markets rebound, it's essential to stay anchored in businesses with robust fundamentals and growth visibility.

Blackstone-backed Nexus Select Trust bullish on consumption growth

Nexus Select Trust targets 13% annual portfolio growth through mall acquisitions and rising consumption, with record festive sales and strong demand across jewellery, fashion, and electronics

India's housing market to see 5-10% annual price rise, says report

A CII-Colliers report projects housing demand to hit 500,000 units annually by 2030 and 1 million by 2047, driven by urbanisation, income growth, and policy reforms

Housing prices to rise 5-10% annually over next few years on strong demand

Housing prices are likely to appreciate 5-10 per cent annually over the next few years on better demand, according to a joint report by CII and Colliers. Industry body CII and property consultant Colliers India released a report on Thursday titled 'Real Estate @2047: Building India's Future Growth Corridors' in a conference held here. The report was released by Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways. The report projected that annual sales could jump from 3-4 lakh units currently to 10 lakh units by 2047. "Annual sales can potentially double and reach 1 million housing units by 2047, driven by rising income levels, demographic shifts and progressive housing policies. "Furthermore, driven by rising incomes, urban migration, and premium housing demand, average property prices are projected to grow at 5-10 per cent annually over the next few years," it added. Colliers India noted that the growth in sales and prices will be supported by improved ...

ONE Group secures additional land in Mohali, eyes ₹600 crore in revenue

ONE Group Developers has received approval for an additional 4.38-acre land parcel in its 150-acre Mohali project, boosting total development potential and future revenue prospects

Ajmera Realty to launch projects worth ₹12,000 cr in Mumbai's Wadala

Ajmera Realty plans Rs 12,000 crore project launches in Wadala, including luxury homes and office spaces, as the developer bets big on Mumbai's premium real estate market

Blackstone-backed Horizon Industrial Parks names Urvish Rambhia as CEO

Horizon Industrial Parks has appointed Urvish Rambhia as CEO to lead its next growth phase with Blackstone, as India's logistics and warehousing sector continues its strong upcycle