Page 34 - Real Estate

NCCCL bags ₹112.5 crore construction contract from Lodha Developers

New Consolidated Construction Company Ltd (NCCCL) has bagged a Rs 112.5 crore contract from realty firm Lodha Developers. In a statement on Monday, the company said it has received a Letter of Award from Lodha Developers Ltd for the construction of Tower 1 and associated non-tower ancillary structures at a residential development in Alibaug near Mumbai. "Awarded through a competitive bidding process, the mandate involves a total built-up area of approximately 7.26 lakh sq ft, with an estimated contract value of Rs 112.5 crore (exclusive of GST)," NCCCL said. Construction at the Alibaug site is expected to commence around mid-January 2026, with an estimated execution period of approximately 24 months. This is NCCCL's third contract with the Lodha Group, following the completion of a residential project at Palava spanning about 13 lakh sq ft across 11 towers, and a commercial building in Thane. Established in 1946, Mumbai-based NCCCL is an engineering and construction company. It ..

Sundaram Alternates Credit Fund announces first close at ₹1,000 cr

The fundraise remains open and is expected to conclude by March 2026, with a targeted final corpus of ₹1,500-2,000 crore

Sobha shares rise to 1-month high on highest-ever quarterly sales in Q3

The sales value of real estate grew 52.3 per cent on year to ₹2,115 crore in the third quarter of financial year 2026, Sobha said in an exchange filing

Consumer protection: Promises made by builder in brochure must be honoured

The National Commission rejected the builder's defence that promises made in the brochure were unenforceable as they had not been incorporated in the agreement of sale

Unsold homes rise 4% in 2025 across top 7 cities as supply outpaces demand

Unsold housing units rose 4 per cent to nearly 5.77 lakh units last year across seven major cities as supply of new homes exceeded demand, according to Anarock. Real estate consultant Anarock data of the primary residential market showed that the unsold housing units across seven major cities were 5,76,617 units at the end of 2025 from 5,53,073 units at the end of the preceding year. "Annually, unsold inventory in the top 7 cities rose 4 per cent by 2025-end, largely because of tapered demand and increased new supply in the year," Anarock explained. Housing sales in the top 7 cities fell 14 per cent annually to 3,95,625 units last year, while new supply rose 2 per cent to 4,19,170 units. As per the data, the unsold housing stock fell in Mumbai Metropolitan Region (MMR) and Hyderabad, but rose in Delhi-NCR, Pune, Chennai, Bengaluru and Kolkata. The unsold housing stock in Delhi-NCR rose 5 per cent to 90,455 units at 2025-end from 85,901 units in 2024. Mumbai Metropolitan Region (M

Sobha Q3 sales bookings jump 52% to ₹ 2,115 cr on better housing demand

Real estate company Sobha Ltd has reported a 52 per cent increase in sales bookings to Rs 2,115.2 crore in the third quarter of this fiscal, driven by higher volumes and price realisation amid strong housing demand. Bengaluru-based Sobha Ltd sold properties worth Rs 1,388.6 crore in the year-ago period. The company has "delivered a historic quarterly performance, achieving the highest ever real estate sales value of Rs 2,115 crore...," Sobha Ltd said in a regulatory filing on Saturday. In terms of volumes, Sobha Ltd sold 13,70,340 sq ft during the October-December period of this fiscal compared to 10,16,367 sq ft in the corresponding period of the preceding financial year. The average price realisation rose to Rs 15,436 per sq ft from Rs 13,663 per sq ft. Out of the total sales, Sobha sold properties worth Rs 1,512 crore in Bengaluru and Rs 349 crore in the Delhi-NCR market. During the first nine months of 2025-26, Sobha Ltd sales bookings rose 37 per cent to Rs 6,096.7 crore fro

Ultra-rich splurge ₹7,186 cr on 51 homes in 2025; Mumbai dominates

Mumbai accounted for 35 of the 51 ultra-luxury home deals in 2025, cornering over ₹5,100 crore in value, as India's wealthy continued to back big-ticket residential assets

Land acquisition for townships near UP's religious cities in last stages

Ayodhya, Varanasi & Mathura in top bracket, says Housing Commissioner Balkar Singh

Resilient housing demand keeps top realty developers on FY26 track: Nomura

Nomura highlights that developers are on track for a third consecutive quarter of steady sales momentum, driven largely by sustained interest in branded residential offerings.

Datanomics: House demolitions double in 7 years; rehab remains scarce

In 2023, Delhi accounted for the highest share of evictions at 53 per cent, followed by Gujarat at 30 per cent and Assam at 4 per cent

At 150k, Mumbai logs highest property registrations in 14 yrs in 2025

Registrations increased by 6 per cent Y-o-Y, while stamp duty revenue rose by 11 per cent Y-o-Y

Fewer flats sold? Home sales dip 5% in 2025, but transaction values up 11%

The mid-segment is poised to drive incremental demand in 2026.

Luxury automakers Mercedes-Benz, BMW eye Indian real estate sector

According to multiple sources close to the development, Mercedes-Benz is already in talks with multiple developers in Gurugram for a luxury branded residence project

MahaRERA recovers nearly ₹269 crore for homebuyers since 2017 inception

MahaRERA has recovered ₹268.87 crore as homebuyer compensation since May 2017, with Mumbai Suburban leading collections, while cases worth about ₹103 crore remain stalled at NCLT

Mid-segment set to anchor housing market in 2026 as premium cycle peaks

As premium and luxury housing shows signs of saturation, improving affordability and end-user demand are expected to push mid-segment homes to the forefront of residential growth in 2026

India's realty sector saw 11 capital market deals from April-December 2025

Housing affordability best in the past 30 years Pan-India

Strong demand, premium pricing brings non- NCR developers to Gurugram

Industry experts agree that Gurugram's position as the corporate and commercial hub of NCR is a key draw

Gaurs Group raises ₹440 crore via NCDs to fund realty, expansion plans

Delhi NCR-based Gaurs Group raised Rs 440 crore via NCDs subscribed by three mutual funds to fund land acquisition, project execution and refinancing, with debentures to list on NSE

Real estate development by Rajasthan govt to hurt Aravallis more: Congress

The Congress on Monday claimed that not just mining, but the real estate development that is being opened up by the double-engine government in Rajasthan will cause further havoc in an "already devastated" ecosystem of the Aravallis. Congress general secretary and former environment minister Jairam Ramesh said this is being done against the recommendations of the Forest Survey of India. "As the nation awaits the Supreme Court's latest directives on the Aravallis, here is more evidence of how the new definition of the Aravallis will cause further havoc in an already devastated ecosystem. "It is not just mining but real estate development that is being opened up by the double-engine sarkar in New Delhi-Jaipur against the recommendations of the Forest Survey of India," Ramesh said in a post on X. The Congress has been strongly opposed to the redefinition of the Aravallis and has raised concerns over it, claiming that this will lead to destroying the hills by opening them to mining, re

Housing sales in seven cities fall 14% in 2025 but value rises 6%: Report

Home sales volumes across the top seven cities fell to about 3.95 lakh units in 2025, but the value of homes sold rose to over ₹6 trillion as luxury share increased