Page 37 - Real Estate

DLF achieved record sales collections in FY25; uptick in bookings: Chairman

DLF Limited reported record sales collections in FY25 and noted a significant increase in new sales bookings. The company is focused on expanding its residential, commercial, and retail segments

DLF Chairman Rajiv Singh's remuneration rises 34% to ₹36.65 cr in FY25

India's biggest real estate firm DLF's Chairman Rajiv Singh's remuneration rose 34 per cent annually to Rs 36.65 crore in the last fiscal, following better performance of the company, according to its latest annual report. As per the list of remuneration paid/payable to directors/KMPs (key managerial personnel) during 2024-25, the DLF's Chairman and whole-time director has received Rs 36.65 crore as remuneration for the last fiscal against Rs 27.30 crore in the preceding financial year. Out of the total remuneration paid to the DLF Chairman, Rs 34.53 crore has been in the form of commission. The Board had approved the commission/variable pay to the Chairman as well as the company's two managing directors -- Ashok Kumar Tyagi and Devinder Singh for 2024-25, based on the achievements against targeted business parameters like consolidated profit after tax, cashflows, and also taking into consideration construction spends and pre-sales. Tyagi has received Rs 14.16 crore as remuneration

Lohia Worldspace to launch ₹200 cr luxury villa project in UP's Moradabad

Realty firm Lohia Worldspace will invest about Rs 200 crore to develop a 10-acre housing project in Moradabad, Uttar Pradesh, marking its entry into real estate business. This will be the company's first real estate project, comprising 175 luxury villas. Lohia Worldspace is the real estate arm of the diversified Delhi-based Lohia Global, a privately held company with an annual revenue of around Rs 1,200 crore. Established in 1979, the Group has four businesses - handicraft exports, electric vehicles, tiles and solar energy. Now, it has entered into real estate business to monetise its land bank of around 200 acres across various cities in North India. "Our vision with Lohia Worldspace is to create homes that are modern, meaningful, and rooted in thoughtful design," said Pyush Lohia, Director, Lohia Worldspace. The project cost is estimated at Rs 200 crore and expected to be delivered by 2029. Pyush said there is a huge demand for premium homes in Moradabad market. Last year, Lohi

Indian real estate set to gain as investment shifts amid UAE visa changes

Capital from entry-level UAE realty market may be redirected to Tier 1 & 2 Indian cities

DDA clears reforms to boost commercial real estate, housing in Delhi

In a move aimed at revitalising Delhi's commercial real estate sector, the Delhi Development Authority (DDA) has approved sweeping reforms to make the city more attractive for investment and large-scale development, a statement said on Friday. In a DDA meeting chaired by Lieutenant Governor V K Saxena, the agency has drastically reduced amalgamation charges for commercial properties, from the existing 10 per cent of the circle rate to just 1 percent. "High amalgamation costs were among the biggest deterrents for developers in Delhi. This decision is expected to trigger a new wave of commercial development in the capital," DDA's statement said. The move is exploiting underutilised commercial plots, making them financially viable for developers to consolidate land and undertake large-scale projects, the statement added. In another decision, the authority has lowered the multiplication factor for the auction of commercial properties from twice the circle rate to 1.5 times the circle .

HNI, NRI demand drives 85% growth in luxury housing sales in H1 2025

Luxury housing sales grew 85% year-on-year in the first half of 2025, driven by rising demand from HNIs and NRIs seeking asset stability amid global uncertainty

Puravankara Q1 sales bookings rise 6% to ₹1,124 crore due to higher prices

Realty firm Puravankara Ltd's sales bookings rose per cent to Rs 1,124 crore in the first quarter of this fiscal year on higher price realisation. In a regulatory filing on Friday, the company said it achieved sales value of Rs 1,124 crore for April-June quarter as against Rs 1,064 crore in the year-ago period. Sales volume dipped to 1.25 million sq ft from 1.29 million sq ft. However, the average price realisation increased to Rs 8,988 per sq ft from Rs 8,246 per sq ft. Puravankara has completed more than 90 projects measuring around 53 million sq ft across nine cities -- Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company has a land bank of 25 million sq ft and ongoing projects add up to 37 million sq ft.

Luxury home sales up 85% in 7 cities in first half of 2025: Report

Demand for units priced Rs 4 cr and more proves 'resilience' of Indian residential market, it says

Signature Global confident of ₹12,500 cr pre-sales target in FY26: Chairman

Realty firm Signature Global is confident of achieving its target to sell homes worth Rs 12,500 crore this fiscal, despite a 15 per cent fall in bookings in the June quarter, a top company official said. Signature Global emerged as the fifth largest listed real estate firm during 2024-25 fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore. The Gurugram-based company has given a guidance of clocking Rs 12,500 crore worth pre-sales or sales bookings in the current fiscal. "We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the company has a strong launch pipeline in Gurugram for the remaining period of this fiscal year. Aggarwal noted that the housing demand continues to be strong especially for the companies having a good track record of executing projects on time. During April-June quarter, the company reported a 15 per cent decline in

Saudi Arabia to allow foreigners, expats to buy property from January 2026

Saudi Arabia will allow foreign nationals to buy property in designated zones from January 2026, as part of Vision 2030. The move aims to attract expat investors and boost the real estate sector

Manoj Vishwakarma's Vision: DOTOM MV GROUP's Impact on Mumbai's Skyline

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HoABL, Mittal Builders to co-develop ₹2,000-cr township in Naigaon

The 3-million sq ft township in MMR will offer 4,600 homes and high-street retail, with infrastructure boosts like Metro Line 13 and the Delhi-Mumbai Expressway to aid growth

Puravankara partners landowner to build ₹1K cr housing project in Bengaluru

Realty firm Puravankara Group on Thursday said it has partnered with a landowner to develop a housing project worth around Rs 1,000 crore at Balagere, in East Bengaluru. In a regulatory filing, the company informed that it has signed a joint development agreement (JDA) for a 5.5-acre land parcel in East Bengaluru, with an "estimated gross development value (GDV) of over Rs 1,000 crore." The land parcel offers a total combined saleable area of 0.83 million square feet. Puravankara did not mention the name of the landowner with whom it has signed the JDA and also did not disclose the revenue or profit sharing structure. The project, located in Balagere, is expected to be launched in the next 6-9 months. Ashish Puravankara, Managing Director of Puravankara, said, "This joint development underscores our sustained growth strategy and reaffirms our confidence in East Bengaluru, one of the city's most dynamic and promising micro-markets." Mallanna Sasalu, CEO - South, Puravankara Ltd, s

South Delhi plots up for grabs? DDA to auction prime land in Vasant Kunj

Final pricing will hinge on the base price set by DDA; market performance may vary depending on that benchmark and appetite among high-net-worth individuals preferring standalone homes over apartments

Puravankara inks ₹1,000-cr JDA for housing project in East Bengaluru

The 5.5-acre joint development in Balagere will offer 0.83 mn sq ft for sale and is part of Puravankara's strategy to grow in high-demand Bengaluru micro-markets

Realty firms may post pre-sales growth in Q1FY26 despite demand moderation

Meanwhile, overall housing sales across the top seven Indian cities declined by 20 per cent YoY due to inexorably rising property prices and geopolitical tensions

Sattva Group to invest ₹1,500 crore in 30-acre mixed-use project in Vizag

Bengaluru-based realty firm Sattva Group will invest Rs 1,500 crore to develop a 30-acre mixed-use project in Vizag, Andhra Pradesh as part of its expansion plan. Sattva Group, which is one of the leading real estate firms in South India, decided to develop this project following a detailed discussion on Tuesday with Nara Lokesh, Minister for Information Technology, Electronics and Communications, in the Andhra Pradesh government. In a statement on Wednesday, Sattva Group said it will develop a 30-acre mixed-use project, 'Sattva Vantage Vizag Campus'. "With a planned investment of Rs 1,500 crore, the project will feature a blend of Grade A office spaces, premium residential developments, and integrated urban infrastructure, all designed to global standards of sustainability and smart living," it said. Sattva Group said it intends to contribute to Andhra Pradesh's growth story, and the campus, once operational, is expected to generate over 25,000 direct employment opportunities. It

Prestige Estates Q1 pre-sales surges on robust demand for Ghaziabad project

Realty firm Prestige Estates Projects Ltd on Wednesday reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of this fiscal, mainly on strong demand for its housing project in Ghaziabad. The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. In a regulatory filing, the company informed that it has "kicked off FY26 with its strongest quarterly performance to date, clocking an all-time high of Rs 12,126.4 crore in sales in the quarter ended June 30, 2025 (Q1 FY26), marking a 300 per cent growth over the same period last year". The company sold 4,718 units, translating to a sales volume of 9.55 million square feet, up 234 per cent year-on-year. The average price realisation stood at Rs 13,339 per square feet for apartments while plotted developments fetched Rs 7,343 per square feet. Irfan Razack, Chairman and Managing Director of Prestige Group, said the April-June quarter has been a milestone quarter for Prestige,

Godrej Properties to Adani Realty: Biggest land deals of 2025 decoded

India's real estate sees a surge in high-value land deals in H1 2025, led by manufacturing, logistics, and digital infra buys, with JDAs and plotted developments gaining strong momentum.

Realty market saw land deals worth ₹31,000 cr in H1 2025: Anarock

Highest-ever land deal figure comes on the back of increased interest in diversified asset classes