Page 31 - Real Estate

Keystone Realtors buys 3 Mumbai land parcels to build homes worth ₹7,700 cr

Keystone Realtors Ltd has bagged three redevelopment projects in Mumbai during the latest June quarter with a revenue potential of more than Rs 7,700 crore and is looking to acquire more land parcels for growth of its residential real estate business, a top company official said. In an interview with PTI, the company's CMD Boman Irani highlighted that the company performed exceedingly well in the first quarter of this fiscal on key metrics like sales bookings, launches and new business development (acquisition of land parcels to build projects). Mumbai-based Keystone Realtors achieved the highest-ever quarterly pre-sales of Rs 1,068 crore in April-June period of 2025-26 fiscal, a rise of 75 per cent from the same quarter last year. On business development, he said, "We added 3 projects in the first quarter having an estimated GDV (gross development value) of Rs 7,727 crore," Irani said, adding that the company has already surpassed the target of adding projects worth Rs 6,000 crore

Prestige Estates acquires 102 acres in Q1, to build homes worth ₹20,400 cr

Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than Rs 20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. According to its latest investor presentation, the company acquired a total of 102 acres of land in Bengaluru, Hyderabad, Chennai and Mumbai in the first quarter of this fiscal year. These land parcels will be used to develop residential projects, which would have an estimated gross development value (GDV) of Rs 20,400 crore. According to the presentation, Prestige Estates in Hyderabad acquired two plots -- 28 acres in Tellapur and 37 acres in Pulimamidi. In Bengaluru, the company has acquired three land parcels -- 10 acres in Poojanahalli - Devanahalli, 7 acres in Kothanuru, KR Puram and 10 acres in Ittangur, ...

Related-party transactions below pre-pandemic levels, shows data

An RPT is a deal between connected entities. This can involve buying or selling of goods or raw materials among group companies

Puravankara posts ₹68.55 crore net loss in Q1FY26, revenue down 20%

Lower handovers and sales due to regulatory changes drag Puravankara into the red in Q1FY26 as revenue declines 20.3 per cent and net loss widens to Rs 68.55 crore

India's housing sweet spot? Anarock AI says it's in ₹50 lakh-₹1 cr bracket

The largest share of homebuyers fell in the ₹50 lakh-₹1 crore budget range, rising from 28% in 2022 to 32% in 2023 and 35% in 2024.

DRA inks pact with Philippines' Balajadia Family office to invest $100 mn

Chennai-based real estate firm DRA Group has signed a pact with Philippines-based Balajadia Family office to jointly develop a commercial project with an estimated investment of USD 100 million. In a statement, DRA Group said it has entered into a strategic cross-border partnership with Balajadia Family office, global investors and entrepreneurs from the Philippines. "The collaboration, formalised through a Memorandum of Understanding (MoU), will see the joint development of 1 million square feet of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of USD 100 million," the statement said. The MoU was signed at the Philippines-India Business Forum in Bengaluru. This equal joint venture will be executed through a special purpose vehicle (SPV) platform. "The collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth," Ranjeeth Rathod, Managing Director of DRA, said.

Signature Global aims 92% growth in FY26 operational revenue to ₹4,800 cr

Realty firm Signature Global Ltd is targeting a 92 per cent increase in revenue from operations during this fiscal year on the back of strong sales in its residential projects across Gurugram. In a latest investors presentation, the company said it is targeting a revenue of Rs 4,800 crore during this financial year. Signature Global's income from operations stood at Rs 2,498.02 crore in the 2024-25 fiscal. On revenue, the company said it has "achieved around 19 per cent of guidance. Momentum is expected to pick up in subsequent quarters driven by completion of construction as planned". In the real estate sector, the companies can recognise revenues either on completion of their projects or on percentage of completion method. Signature Global achieved record sales bookings of Rs 10,290 crore during the 2024-25 and has given a guidance of Rs 12,500 crore for the current financial year. On Thursday, the company reported a five-fold surge in consolidated net profit to Rs 34.43 crore

Signature Global's net profit shoots 386% on increased revenue recognition

This rise was driven by increased revenue recognition and average sales realisation, the company said in a regulatory filing on the exchanges

Not trying to make quick money; India long-term bet for us: CLINT ED & CEO

Over the next four to five years, we expect to go from 22 msf to about 33 msf, says Nagabhushanam

Sumadhura Group invests ₹1,000 cr in Capitol Towers for commercial use

Sumadhura Group secures long-term leases from global tenants at its Capitol Towers tech park in Whitefield, projecting Rs 50 crore annual revenue from 5 lakh sq ft of space

Housing price index of 13 cities rises 8 points annually in March: Report

The housing price index of 13 major cities rose by eight points year-on-year to 132 during March this year on strong demand for residential properties, according to a report by REA India and Indian School of Business. The Housing Price Index (HPI), a joint initiative between REA India's real estate classified platform Housing.com and the Indian School of Business (ISB), tracks price trends across 13 cities. These are Ahmedabad, Bengaluru, Chennai, Faridabad, Gandhinagar, Ghaziabad, Greater Noida, Gurugram, Hyderabad, Kolkata, Mumbai, Noida, and Pune. The index shows a moderate 8-point increase to 132 in March this year, as against 124 in the same month last year. However, the index remained stagnant compared to February this year. In January 2025, the index was at 131 points. "The Indian housing market is currently in a phase of healthy consolidation. After an extended period of price escalation across major cities, we are now seeing a welcome stabilisation in values. This price ..

Gurugram accounts for 91% of Delhi NCR's ₹5 Cr+ home sales in 2025

Southern Peripheral Road (SPR) accounted for 39% of all such sales in Gurugram in H1 2025

Stable rate will nudge people to buy homes: Real estate industry execs

Industry leaders say RBI's unchanged repo rate, coupled with past cuts and surplus liquidity, will aid affordable housing demand and sustain buyer sentiment despite global headwinds

SC clearance ruling to revive 493 stalled projects in MMR, Pune: CREDAI

Supreme Court allows state bodies to retain project clearance powers, set to revive over 493 stalled projects in MMR and Pune, unlocking 70,000 housing units and easing supply

Strong momentum, new launches to drive gains for realty major DLF

Given the strong start to the year and expectations of healthy sales going ahead, brokerages are positive on the outlook for FY26

Brokerages decode DLF Q1FY26 results; check what's in store for the stock

Nomura, HSBC, Nuvama, JM Financial dissect realty major DLF's June quarter results and revise their target price on the counter.

Realty major DLF targets luxury segment launches in the near term

DLF plans ultra-premium launches in FY27, including Golf Course Extension; rental income from Downtown Gurugram and Atrium Place to begin by end-2025

Prestige Estates Q1FY26 results: Profit up 1.46%, revenue grows 21.94%

Prestige Estates posted Rs 311.5 crore in Q1FY26 profit and Rs 2,468.7 crore in revenue; firm plans Rs 10,000 crore investment, eyes Rs 42,000 crore from launches

Raymond Realty Q1 results: Profit up 121.8%; revenue jumps 188.7%

Raymond Realty reported a 121.8% YoY rise in Q1 FY26 net profit to Rs 16.5 crore, its first quarterly result post demerger; revenue surged, but bookings dipped on inventory

Keystone Realtors Q1FY26 results: Net profit declines 43.8% to ₹14.5 crore

Keystone Realtors' Q1 net profit drops to ₹14.5 crore as revenue falls 35.3% YoY; company adds ₹7,727 crore worth of new projects and exceeds full-year guidance