Page 30 - Real Estate

PropShare Titania SM Reit IPO opens today: here's all you need to know

PropShare Titania IPO comprises a fresh issue of ₹473 crore and no offer for sale component. Check price band, key dates, lot size, objective and more

Best of BS Opinion: Why Sebi needs to do more on derivatives trading

Today's opinion page discusses the recent clampdown on Jane Street, government transparency, India's milk market, and the future of Mumbai's real estate because of climate change

Lower home loan EMIs spark increased buyer interest amid repo rate cuts

House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25)

Kalpataru registers 41% growth in pre-sales to ₹4,531 crore in FY25

Kalpataru has recently launched its initial public offering (IPO) that ended with 2.26 times subscription

Signature Global to launch homes worth ₹6k cr in Gurugram: Chairman

Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore. "We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said. Aggarwal said the demand continues to be strong, especially for good brands. "The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference, Aggar

Meghalaya govt sets up real estate regulatory authority under 'Rera Act'

The Meghalaya government has notified the Real Estate Regulatory Authority to regulate the state's emerging real estate sector and ensure transparency, accountability, and consumer protection, officials said on Saturday. The Authority is being established under the Real Estate (Regulation and Development) Act, 2016. Officials said the authority aims to promote fair practices, protect homebuyers' interests, resolve disputes efficiently, and boost investor confidence by streamlining project approvals and enforcing compliance. RERA Meghalaya oversees the registration of real estate projects, promoters, and agents, and ensures adherence to the provisions of the Act and rules framed thereunder. It also includes an adjudication mechanism for timely dispute resolution and regulatory oversight. The Authority functions as an independent statutory body with a full-time chairman and two members. RERA Meghalaya has urged all developers, promoters, and real estate agents operating in the stat

IndiQube Spaces eyes nearly ₹5,000 crore market capitalisation amid IPO

IndiQube Spaces targets a Rs 5,000 crore market cap with its Rs 700 crore IPO, priced at Rs 225-237 per share, focusing on expansion, debt repayment, and value-added services.

Zara founder's global deal spree shields his $104 billion from tax

The Inditex SA founder's family office, Pontegadea, snapped up a five-star Paris hotel, a Florida apartment block and a building on Barcelona's iconic Diagonal Avenue as part of transactions

Ashwin Sheth Group buys 4.05-acre Goregaon West land for Rs 255 crore

Developer acquires 4.05-acre plot in Goregaon West from Mhada for Rs 255 crore, to build five residential towers with 12 lakh sq ft Rera carpet area and retail

Godrej Properties buys 48-acre parcel in North Bengaluru's Doddaballapur

The land near STRR offers 1.1 million sq ft development potential as Godrej boosts presence in Bengaluru after key deals in Raipur, Indore, and Pune this year

DLF re-enters Mumbai market with ₹800 crore premium housing project

DLF returns to Mumbai after over a decade, launching The Westpark in partnership with Trident Realty, with a four-tower phase expected to generate Rs 2,300 crore

Office Reits outperform BSE Realty Index amid 'heightened demand'

During the 12 months up to June 2025, all three office Reit stocks delivered more than 15 per cent capital appreciation

Sunteck Realty Q1FY26 results: Net profit jumps 47% to ₹33.43 crore

Sunteck Realty posts Rs 33.43 crore profit in Q1 FY26, up 47 per cent YoY, aided by lower expenses and strong pre-sales despite a 40 per cent revenue decline

Net leasing in office real estate set to hit all-time high by FY26: Crisil

The southern micro-markets, which comprise about half of the office stock, are likely to maintain stable vacancy levels despite strong upcoming supplies, because of continued demand from GCCs.

DLF to invest Rs 900 cr in Mumbai housing proj, eyes Rs 2,300 cr revenue

India's largest realty firm DLF Ltd has re-entered the Mumbai market and will invest around Rs 900 crore to develop a luxury housing project at Andheri (West), a senior company official said. In July 2023, DLF had announced its re-entry in the Mumbai market with plans to develop a luxury housing project in Mumbai in partnership with NCR-based builder Trident group. "We have launched a luxury housing project 'Westpark' in Mumbai comprising 416 apartments," DLF Home Developers Joint Managing Director Aakash Ohri told PTI. He said the company has launched this 5.18-acre project in a price range of Rs 42,000 per sq ft to Rs 47,000 per sq ft. It is selling flats in a range of Rs 4 crore to Rs 7.5 crore. Asked about the investment, Ohri said, "It will be around Rs 800-900 crore". The total sales realisation will be around Rs 2,300 crore, he added. Ohri said the initial demand has been very encouraging from customers. "We plan to sell around 200 units," he said, adding that the company

Tier II boost: Godrej buys 50 acres in Raipur for premium plotted project

The development on this land will primarily comprise premium plotted residential units and will offer an estimated saleable area of 9.5 lakh square feet.

₹6,500 cr realty shake-up: Commercial deals soar 2X, residential slumps

Indian real estate sector witnessed deals worth $2.5 billion during the first half of this year, a fall of 8 per cent annually, according to Grant Thornton https://assets.grammarly.com/emoji/vBhara

Office demand in Navi Mumbai rises 40% in 2024, to grow further: CRE Matrix

Demand for premium office spaces in Navi Mumbai rose 40 per cent in 2024 to 5.8 million square feet, and the leasing activities are expected to increase further on affordable rent, according to CRE Matrix. Real estate data analytics firm CRE Matrix Co-founder and CEO Abhishek Kiran Gupta noted, "Navi Mumbai is one of the most affordable office markets across major 7-8 cities, with a weighted average rental of around Rs 65 per square feet." He said the demand has been rising in the key office micro-markets of the Mumbai Metropolitan Region (MMR). In the first six months of this calendar year, he said the gross leasing of office space in Navi Mumbai exceeded by nearly 0.8 million (8 lakh) square feet. "There is a huge demand for Grade A office space in Navi Mumbai from global and domestic corporates," he said. The demand will further rise because of the infrastructure development in this part of MMR, including the new airport, Gupta observed. Tata Realty & Infrastructure Ltd, K .

PropShare Titania's ₹473-crore SM Reit IPO set to open on 21 July

PropShare Titania IPO to offer 9% projected yield from grade A+ asset in Thane; Sebi's new SM Reit category targets retail investors via ₹10 lakh unit lots

Real estate deals drop 8% in Jan-Jun to $2.5 billion: Grant Thornton Bharat

Indian real estate sector witnessed deals worth USD 2.5 billion during the first half of this year, a fall of 8 per cent annually, according to Grant Thornton Bharat. In its report 'Real Estate Q2 2025 Dealtracker', Grant Thornton Bharat said the number of deals has increased in the January-June period, but the overall value has dropped. The real estate deals include Initial Public Offering (IPO) and Qualified Institutional Placement (QIP). "In the first half of the year, the Indian real estate sector recorded 45 transactions, including IPO and QIP, valued at USD 2.5 billion, compared to 40 deals worth USD 2.7 billion in H1 2024. While volume increased year-on-year, the overall deal value dropped by 8 per cent," Shabala Shinde, Partner and Real Estate Industry Leader at Grant Thornton Bharat, said. She noted that the data for the first half of this year reflects a sector recalibrating for long-term strength. "While overall deal values moderated, institutional capital continues to