Page 3 - Real Estate

Nexus Select Trust to acquire Guwahati mall, hotel for ₹1,600 crore

The ₹1,600 crore deal for the upcoming Galaxy Complex, comprising a mall and Hyatt Regency hotel, marks Nexus Select Trust's entry into Northeast India

India land deals surge to 18,158 acres in five years: Cushman & Wakefield

Annual transacted acreage rose from 813 acres in 2021 to 6,181 acres in 2025, while tier-II cities increased their share of annual transactions to 34 per cent

M3M emerges as highest bidder for prime Noida land parcels at ₹1850 crore

Realty firm M3M emerged as the highest bidder for a mixed-use land parcel auctioned by the Noida authority, quoting around Rs 1,850 crore for a 12.5-acre plot in Sector 108, sources said on Tuesday. The Sector 108 parcel had a reserve price of Rs 835 crore and attracted a strong interest, with DLF Ltd also participating in the bidding, the sources said. M3M's bid was approximately Rs 1850 crore, they said. The land parcel is designated for mixed-use development, comprising residential and commercial components, according to the sources. The substantial premium fetched by the Sector 108 parcel highlights strong developer interest in strategically located mixed-use land in Noida, they added. An M3M spokesperson declined to comment immediately, while the Noida authority was yet to announce officially the auction details. DLF Limited, M3M Group and Godrej Properties were shortlisted to bid for this land parcel. However, in Tuesday's bid only two of the groups participated. Godrej ...

US-based Century 21 to enter India with 126-region franchise model

US-based real estate franchise firm plans to open six to 10 regions in its first year and build a 30,000-agent network, with cross-border property transactions a key focus

India's office REIT operational area surges 74% YoY in H1 2026: Report

Operational office REIT portfolio reaches 167 million sq ft in H1 2026, accounting for 16 per cent of India's 1.05 billion sq ft office stock

Arnya launches ₹750-crore preferred equity fund with Casagrand Premier

The Category II AIF will invest ₹75 crore-₹200 crore across around eight to 10 Casagrand projects, primarily in Chennai, Bengaluru and Hyderabad

Consumer Protection: Builder's failure to get OC is deficiency in service

The State Commission observed that a builder is statutorily obliged to obtain the completion and occupancy certificates before offering possession to buyers

NoBroker eyes profitability in 8-10 months, FY26 revenue tops ₹1k cr: CEO

Unicorn real estate platform NoBroker.com's revenue crossed Rs 1,000 crore last fiscal year, and it aims to become profitable in the next 8-10 months, a top company official said. The proptech startup based in Bengaluru, established in 2013, operates mainly in listing properties for renting, buying, and selling, and does not charge customers any brokerage fees. In the sector, it offers additional services, such as movers and packers, and manages housing societies through the NoBrokerHood app. In an interview with PTI, NoBroker.com co-founder and CEO Amit Kumar Agarwal highlighted that the company's revenue grew to Rs 965 crore in 2024-25 from Rs 888 crore in the preceding year, helping it to reduce losses by 25-30 per cent to around Rs 300 crore. In the last fiscal year, Agarwal said, "Our revenue has crossed Rs 1,000 crore although the final numbers are still being audited. We continue making strong progress towards profitability". He noted that losses are declining every fiscal

Brigade Group's ₹20K crore capex bet: Build now, earn annuity later

Pavitra Shankar says the company has headroom to take on more debt, even as capex will be funded by a mix of internal accruals, construction finance and debt

ASK Property Fund commits ₹300 crore to two Ghaziabad housing projects

The investments will support BRV Group's 4.7-acre Vasundhara project and KW Group's 1.5-acre Indirapuram development as ASK expands in established NCR markets

Pranav Constructions' ₹351 cr IPO to open on Sep 7 at ₹118-124/share

Pranav Constructions has set a ₹118-124 price band for its ₹351-crore IPO, comprising a fresh issue of ₹315.6 crore and an OFS worth ₹35.4 crore

Prime Group to invest Rs 1,500 crore in Bihar real estate over next four quarters

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Mills to malls: How the Maximum City transformed from Bombay to Mumbai

How liberalisation, land-use reforms, technology, finance and infrastructure transformed Mumbai from a mill-driven industrial city into a sprawling services and financial hub

Buying property? Mutation of ownership alone does not prove title

Trace the title chain, check encumbrances and verify every owner's right to sell before buying a property; mutation, tax records and possession alone do not establish ownership

Gaurs Group buys 35 acre land parcels along Yamuna Expressway for ₹700 cr

Realty firm Gaurs Group has acquired 35-acre land parcels along Yamuna Expressway from ICICI Bank for around Rs 700 crore to develop residential projects as part of its expansion plan. The company bought three land parcels in Sector 18 along the Yamuna Expressway, which connects Noida and Greater Noida to Agra, at an auction from ICICI Bank. "We have acquired 35 acres of land parcels from ICICI Bank for around Rs 700 crore," Gaurs Group Chairman Manoj Gaur said. There are three land parcels, with a 24-acre plot being the largest. "The land has been acquired in an open auction from ICICI Bank Ltd on an as-is, where-is basis. We are settling all the pending dues like EDC, farmer compensation etc," the company said. Gaurs Group, which is one of the leading real estate developers in Delhi-NCR, plans to launch the project on the 24-acre land parcel. Gaur said the company plans to launch 3-4 housing projects by March next year at Noida and Yamuna Expressway. The Group clocked sales boo

DHL Supply Chain inks Rs 56 lakh per month lease for Bengaluru facility

2.4 Lakh Sq Ft, Rs 56.4 Lakh Monthly: DHL's New Bengaluru-Area Logistics Lease

Max Estates to enter Delhi housing mkt with 84 acre land deal in Najafgarh

The developer will acquire 84.71 acres in Najafgarh through a Rs 420.2 crore non-cash share swap, marking its first residential entry into Delhi

Max Estates buys 85-acre land in Delhi, eyes ₹10,000-12,000 cr revenue

Realty firm Max Estates Ltd has acquired 84.71 acre land in West Delhi from promoters' land holding entities, in a share-swap deal worth Rs 420 crore, as part of its expansion plan. The company will develop residential and commercial projects on this land parcel and expects revenue of Rs 10,000-12,000 crore from upcoming projects on the site. With this acquisition, Max Estates said it has entered into Delhi's housing market. It is already doing residential projects in Gurugram and Noida markets of Delhi-NCR. In a regulatory filing on Saturday, the company said it has entered into a share purchase agreement to acquire 100 per cent stakes in nine promoter-owned land-holding companies, which together own 84.71 acre land parcel. The acquisition is structured as non-cash share swap transaction. Max Estates will pay consideration through the issue of equity shares. As per the deal, Max Estates will allot about 70 lakh equity shares at an issue price of Rs 597.50 per share, aggregating

TIAA Global Capabilities leases 2.56 lakh sq ft in Pune for ₹320 crore

The company has leased the office space at Panchshil Vantage in Wagholi for 10 years at ₹92 per sq ft per month, with a 15 per cent escalation every three years

iUSTUS to develop 2.5 msf of residential, commercial space in Bengaluru

Realty firm iUSTUS will develop 25 lakh sq ft of housing and commercial projects in Bengaluru. The company has a "pipeline of around 2.5 million sq ft across South and East Bengaluru, covering residential and commercial developments", iUSTUS said in a statement on Thursday. Bengaluru-based firm is founded by Pawan Sawhney and Santosh Soni, who have been involved in major real estate developments spanning over 7 million sq ft. They bring experience from both the investment and operating sides of the business. iUSTUS said the company would focus on professional execution, disciplined capital deployment, quality, transparency and long-term value creation. Sawhney, MD & CEO of iUSTUS, said: "We believe we have a unique opportunity to better the way we live - by creating enduring value for people and communities while enabling a harmonious coexistence with nature. Sawhney has previously been a Partner at a private equity fund, and also MD and CEO of Address Maker. He is an IIT Bombay .