Page 33 - Real Estate

Sobha Q1 pre-sales rises 11% to ₹2,079 cr on better demand for homes

Realty firm Sobha Ltd has reported an 11 per cent increase in sales bookings to a record Rs 2,078.8 crore in the first quarter of this fiscal year as housing demand continues to be strong. Its sales bookings or pre-sales stood at Rs 1,873.7 crore in the year-ago period. The Bengaluru-based company sold 14.44 lakh sq ft area in April-June period of this fiscal year as against 11.75 lakh sq ft, according to a regulatory filing on Monday. During the June quarter, Sobha completed 1.07 million sq ft of saleable area and delivered 594 homes across projects. Sobha said the company has achieved its "highest-ever quarterly real estate sales value of Rs 20.79 billion, crossing the Rs 2,000 crore milestone for the first time." The company attributed various factors for robust demand, including urban migration, record commercial space absorption, stronger consumer and investor confidence, declining interest rates, and growing home ownership aspirations. Sobha launched two housing projects dur

Lodha Developers reports 10% growth in Q1 FY26 pre-sales to ₹4,450 crore

Lodha Developers reports a 10% YoY growth in Q1 FY26 pre-sales to Rs 4,450 crore, confident of meeting its FY26 pre-sales target of Rs 21,000 crore despite geopolitical challenges

US, Japan, HK drive foreign investment into India's real estate market

India's real estate sector saw a 42 per cent Y-o-Y fall in institutional investment in Q2 2025, even as foreign inflows surged 242 per cent sequentially

USA, Japan, Hong Kong pump $1.06 bn into Indian realty in Q2: Top deals

In Q2 2025, India's real estate sector attracted institutional investments totaling $1.80 bn, marking a 42% year-on-year decline from record highs but showing 122% growth compared to previous quarter

Puravankara to redevelop 8 Mumbai societies with ₹2,100 cr GDV potential

Puravankara to begin redevelopment of eight Chembur societies in Mumbai, unlocking 1.2 mn sq ft across 4 acres and reaffirming its western region real estate strategy

Keystone Realtors Q1 sales bookings up 75% at ₹1,068 cr on housing demand

Keystone Realtors Ltd on Monday said it has sold a record Rs 1,068 crore worth of properties in the first quarter of this fiscal, an annual increase of 75 per cent, on high demand. Mumbai-based Keystone Realtors sells properties under the 'Rustomjee' brand. In a regulatory filing on Monday, the company informed that it has clocked pre-sales of Rs 1,068 crore in the first quarter of 2025-26 as compared to Rs 611 crore in the corresponding period of the preceding year. Keystone Realtors said it is the "best ever Q1 pre-sales of the company." The collection of funds from customers rose 19 per cent to Rs 575 crore from Rs 485 crore. Keystone Realtors launched three projects in the first quarter, having a saleable area of 0.91 million sq ft and an estimated GDV (gross development value) of Rs 4,000 crore. Under new business development, the company bagged three housing societies redevelopment projects during the latest June quarter. This will help the company to generate revenue of Rs

Puravankara shares jump 7% on ₹2,100 crore redevelopment project

Puravankara shares 7 per cent after it bagged projects to redevelop eight societies in Mumbai, with a GDV of ₹2,100 crore

Construction tech adoption lags in Indian real estate amid cost hurdles

Despite availability of BIM, modular, and 3D technologies, Indian construction firms remain hesitant due to cost, labour economics, and limited developer scale

18 debt issuances, ₹1 trillion+, the fastest half-year sprint yet

Reits, Invits tapped debt every 10 days in record run

Realty firm Signature Global purchases two land parcels in Gurugram

Realty firm Signature Global has acquired two land parcels in Gurugram totalling 10 acres to build housing projects. Signature Global's subsidiary firm has executed two sale deeds to purchase the lands admeasuring approximately 9.96 acres situated at Tehsil Sohna, District Gurugram, Haryana. These lands have an overall potential sales area of approximately 0.53 million (5.3 lakh) square feet, according to a recent regulatory filing. Last month, Signature Global chairman Pradeep Kumar Aggarwal said the company would invest around Rs 1,200-1,500 crore to acquire land parcels as part of its expansion plan. Signature Global had invested Rs 1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana. "Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels this fiscal," he had said. Signature Global emerged as the fifth largest listed real estate developer last fiscal in terms

Sattva Group to invest ₹800 cr in Goa property market to expand business

Realty firm Sattva Group will invest about Rs 800 crore over the next two years in Goa property market as it sees huge business opportunities in this coastal city, a top company official said. Bengaluru-based Sattva Group, which is one of the leading real estate firms in South India, entered Goa market few years back. It has already developed the first phase of its maiden housing project 'Sattva Water's Edge' and recently launched the second phase comprising villas and apartments. Sattva Group is planning two more projects in Goa, including a gated community where it will offer residential plots. "We will invest around Rs 800 crore over the next two years in Goa," Sattva Group Managing Director Bijay Agarwal told PTI. Sattva Group is expanding its presence in Goa property market to tap rising demand because of its improved infrastructure and better connectivity with other cities of India. Bullish on the potential of Goa market, Agarwal noted that there is a huge demand for first

Commercial realty climbs growth ladder, residential one step down

Office, warehousing, industrial segments drive real estate leasing momentum in first half

Luxury penthouses back in vogue on uber-rich Indians' growing appetite

Space, privacy, prestige selling points for buyers

Affordable housing launches to remain muted despite rate cuts, tax benefits

While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors

IL&FS moves NCLT to scrap Brookfield's Rs 1,080-cr bid for BKC property

The Infrastructure Leasing and Financial Services Ltd (IL&FS) has approached the National Company Law Tribunal (NCLT) to scrap the Canadian asset management firm Brookfield's Rs 1,080-crore bid for its flagship Bandra Kurla Complex property. IL&FS filed a petition in NCLT Mumbai bench on June 26, seeking to dismiss the Brookfield-backed bid for its flagship BKC property, the IL&FS Financial Centre (TIFC), citing bidder disqualification and non-compliance with bidding conditions. In its petition, IL&FS alleged that an affiliate of Brookfield, Chronos Properties, was required to maintain Performance Guarantee until the execution of definitive agreements. Chronos Properties failed to renew a Rs 108-crore Performance Guarantee, which expired in April, 2025, IL&FS said in the petition, adding that this entitles IL&FS to invoke the performance guarantees in addition to pursue remedies including disqualifying the bidder. "The failure to maintain its bid security has ..

Housing sales dip 2% but office leasing jumps 41% in H1 2025: Knight Frank

India's top eight property markets saw a 2 per cent decline in housing sales during the January-June period, but office space leasing rose 41 per cent, according to Knight Frank. In a webinar on Thursday, real estate consultant Knight Frank released its data for the Indian real estate market for January-June 2025. The data showed that housing sales fell 2 per cent annually to 1,70,201 units during the first six months of this calendar year across eight major cities. In contrast, the leasing of office spaces rose 41 per cent to 48.9 million (489 lakh) square feet area during January-June 2025. The gross leasing stood at a record 71.9 million square feet for the entire 2024. Considering the strong performance during the first half, the consultant expects the leasing number to scale a new high of 80-90 million square feet in the full current year. In the residential segment, the consultant noted that the weighted average price across eight cities rose in a range of 2 per cent to 14

Institutional investments in real estate decline 33% in Q2 CY25: Report

Domestic institutions step up as foreign inflows fall amid evolving macroeconomic scenario, credit flow and inflationary pressures

Institutional investment in real estate dips 33% in Apr-Jun: Colliers

Institutional investment in Indian real estate fell 33 per cent to USD 1.69 billion in April-June as foreign investors were cautious in view of global political and economic uncertainties, according to Colliers India. Real estate consultant Colliers India data showed that Institutional investments in real estate fell to USD 1,691.20 million (USD 1.69 billion) during April-June this year from USD 2,533.30 million (USD 2.53 billion) in the year-ago period. The fund inflow from foreign investors almost halved to USD 1048.4 million, from USD 2,046.80 million during the period under review. Domestic investors remained bullish and pumped in USD 642.8 million during April-June, an increase of 32 per cent from USD 486.5 million in the corresponding period of the preceding year. "Domestic capital has emerged as a key driver in India's real estate investments, with its share in total investments rising steadily from 16 per cent in 2021 to 34 per cent in 2024," Colliers India CEO Badal Yagnik

Office space demand from GCCs up 24% at 31.8 mn sq ft in FY25: Vestian

Leasing of office spaces to set up Global Capability Centres (GCCs) increased by 24 per cent last fiscal to 31.8 million square feet across seven major cities, according to a report. Data from real estate consultant Vestian showed that the leasing of office space to establish GCCs stood at 31.8 million (318 lakh) square feet in 2024-25 as against 25.6 million (256 lakh) square feet in the preceding year. "Over the past couple of years, GCCs have been the primary growth driver of India's office market. This growth has been fueled by cost optimization strategies, a skilled talent pool, rapid infrastructure development, favourable government policies, ease of doing business, and a supportive business environment," Vestian said in a statement on Wednesday. As per the Vestian's report, GCCs accounted for 42 per cent of the pan-India absorption in 2024-25, registering a marginal increase from 41 per cent a year earlier. Shrinivas Rao, CEO of Vestian said, "GCCs contribute significantly t

Keystone Realtors chosen for ₹3K cr cluster redevelopment project in Mumbai

Five DAs signed and three LoIs in place for 4.75-acre cluster project in Lokhandwala, giving Rustomjee 10.6 lakh sq ft saleable area in key Mumbai residential zone