Page 39 - Real Estate

Resale homes slide to 2% buyer interest as 67% choose under-construction

. Resale properties remain the least preferred option across all income groups, indicating a continued preference for new developments

Tata Digital inks Rs 1 cr/month office lease deal in Mumbai's Lower Parel

Tata Digital signed the lease with One International Centre on March 17, 2025, agreeing to pay Rs 1.05 crore in monthly rent and Rs 7.07 crore as a security deposit. The rent works out to roughly Rs

Leena Gandhi Tewari sets new India record with Rs 703 cr Mumbai duplex deal

Leena Gandhi Tewari, chairperson of pharma giant USV, has purchased two sea-facing duplex apartments in Mumbai's Worli for Rs 639 crore

Sobha Q4 results: Net profit rises multi-fold to ₹40 cr, revenue up 62%

The company's revenue from operations rose by 62 per cent to ₹1,240.61 crore in the Q4FY25, it had reported ₹762.86 revenue in the corresponding quarter of FY24

Golden Growth, Grovy to fund Rs 180 cr in 3 housing project in South Delhi

Golden Growth Fund (GGF) and realty firm Grovy India will invest Rs 180 crore to develop three housing projects in South Delhi. The GGF is a category II real estate-focused Alternative Investment Fund (AIF), which invests in South Delhi projects. "The investment has been made in Anand Niketan and Neeti Bagh, while the third project, in another Category A colony in South Delhi, is expected to come up in the next four months," a company statement said. The cumulative area of the three projects is about 70,000 square feet. The construction on the project in Anand Niketan commenced in January 2025, while the same in Neeti Bagh will begin next month. The sales potential of the three projects is in the tune of approximately Rs 240 crore. Ankur Jalan, CEO of Golden Growth Fund, said, These investments in South Delhi reiterate our commitment to developing and delivering not just high-quality projects but also ensuring a safe and stable 20 per cent + IRR to our investors." The non-volatil

Buyers risk losing legal remedies without registered agreement for sale

If promoter demands more than 10 per cent without a registered agreement, halt payments and file a complaint with RERA

Prime Offices Fund acquires Delhi's Prius Platinum in strategic realty move

he property was acquired from a fund managed by Kotak Alternate Asset Managers Limited led consortium.

Adore Group to invest ₹800 crore in premium housing project in Faridabad

Realty firm Adore Group will invest around Rs 800 crore to develop a luxury housing project in Faridabad. In a statement on Monday, the company said it has launched a ultra luxury project 'The Select Premia' in Sector-76, Faridabad. Spread across 5.47 acres of land, the project will have 190 apartments. The Group had bought land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in 2023 through auctions. The project cost will be about Rs 800 crore, including land, construction and other expenses, the company said. Jetaish Gupta of Adore Group said that, "Faridabad is at an interesting juncture of growth and evolution. The economy is thriving backed by a surge in IT and manufacturing industry." Adore Group has completed 17 projects, largely housing, Faridabad and Gurugram. According to data analytics firm PropEquity, Delhi-NCR housing market saw a 63 per cent year-on-year increase in sales to Rs 1.53 lakh crore during the 2024 calendar year.

StayVista forays into branded residences, targets Rs 250 crore in FY26

The villa rental platform, with a leisure-city portfolio target of 80:20, enters metro markets and aims to expand in Delhi-NCR, Pune, Mumbai and Bengaluru

Kolte-Patil Developers Q4 results: PAT of ₹66.29 cr on strong income growth

Realty firm Kolte-Patil Developers Ltd has posted a consolidated net profit of Rs 66.29 crore for the quarter ended March on higher income. Pune-based Kolte-Patil Developers Ltd had posted a net loss of Rs 26.18 crore in the year-ago period. Total income increased to Rs 723.20 crore in the fourth quarter of the last fiscal from Rs 527.71 crore in the corresponding period of the preceding year, according to a regulatory filing. During the full 2024-25, the company's net profit stood at Rs 109.33 crore as against a net loss of Rs 67.48 crore in the preceding year. Total income rose to Rs 1,763.73 crore last fiscal from Rs 1,394.78 crore in 2023-24. Kolte-Patil Developers has built over 68 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of more than 30 million square feet across Pune, Mumbai and Bengaluru.

Global capability centres fuel premium play in India's office space

Demand for Grade-A, ESG-compliant, smart offices on the rise

DLF Group plans Rs 10,000 cr boost in office, mall projects for 2 years

Realty major DLF will invest Rs 10,000 crore in the current and next fiscal year to build premium office spaces and shopping malls to enhance its rental income, a senior company official said. DLF Group has 45 million square feet of commercial assets, which include 41 million square feet of office and 4 million square feet of retail spaces, with an annual rental income of more than Rs 5,000 crore. "India's Grade A++ commercial real estate has emerged as a global value proposition offering world-class quality at a more efficient cost," DLF Vice Chairman and Managing Director (Rental Business) Sriram Khattar told PTI. To leverage this advantage, DLF Group, which has a huge licensed land bank, is expanding its portfolio of rent-yielding commercial assets in a big way and constructing office and retail complexes in Gurugram, Chennai, Delhi and Noida amid strong demand from corporates and retailers. "Since the post-COVID recovery, DLF has focused on expanding its commercial footprint in

Promoters, Blackstone invest ₹1,060 crore in Embassy Developments

The company received capital infusion through conversion of warrants, strengthening its equity base and supporting growth plans

Commercial rentals rise across Indian cities amid global uncertainty

Commercial real estate rentals rose in India's top cities from 2022 to 2025, with strong demand from US firms and GCCs, despite global macroeconomic headwinds

Not startups, nor stocks: Expert explains how rich are building wealth

Real estate advisor says wealthy people are following 'rotation strategy' in property investments

Interarch Building Solutions Q4 results: Profit rises 30% to Rs 39 crore

Interarch Building Solutions has posted a 30 per cent increase in its net profit to Rs 38.68 crore for the fourth quarter of the last financial year on higher revenue. Its net profit stood at Rs 29.69 crore in the year-ago period. The total income of Interarch Building Solutions, which is in the Pre-Engineered Building (PEB) industry, rose to Rs 470.58 crore in the January-March period of 2024-25 from Rs 390.23 crore in the corresponding period of the preceding fiscal. During the full 2024-25 fiscal, the company's net profit increased to Rs 107.82 crore from Rs 86.26 crore a year ago, it said in a regulatory filing on Wednesday. Its total income grew to Rs 1,474.47 crore last fiscal, from Rs 1,306.31 crore in 2023-24. Commenting on the company's performance, Interarch Building Solutions Ltd Managing Director Arvind Nanda said the company has reported the highest-ever quarterly and annual financial performance, marked by robust volume growth and improved order execution. "The ...

Century Real Estate raises Rs 1,850 cr debt to fund existing, new projects

Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured "Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy". The fund will help in driving the company's expansion strategy and supporting both new and existing projects in Bengaluru. The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy contributed Rs 250 crore to support the development of residential and Grade A commercial spaces. Ravindra Pai, Managing Director, Century Real Estate, said, "Securing Rs 1,850 crore in funding is a testament to the trust our financial partners place in Century Real Estate's vision and execution." With Bengaluru's real estate market witnessing strong demand for both residential and Grade A commercial sp

Strong launch portfolio to keep realty giant DLF on the growth track

New additions to the leasing portfolio are also expected to boost rental income from the commercial assets of the company

DLF-GIC joint venture DCCDL reports 11% rise in office rent to ₹3,874 cr

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, has clocked 11 per cent growth in office rental income to Rs 3,874 crore during the last financial year on better demand for workspaces and rent escalation. The rental income from office space stood at Rs 3,497 crore in the preceding year. DLF holds nearly 67 per cent stake in the JV firm DCCDL while Singapore's sovereign wealth fund GIC has the remaining equity shareholding. According to an investors' presentation of DLF, the DCCDL's rental income from retail real estate properties grew 6 per cent to Rs 880 crore last fiscal year from Rs 828 crore in the 2023-24 financial year. DCCDL has an operational rental portfolio of 43 million sq ft, of which 39 million sq ft area is office space and 4 million sq ft retail real estate. Another 12 million sqft area is under construction. These commercial assets are primarily located in Gurugram, Noida, Chennai, and Hyderabad. DLF holds bulk of its rent-yielding renta

Ashish Kacholia-backed Sri Lotus Developers gets Sebi nod for ₹792-cr IPO

Sri Lotus Developers IPO is an entirely fresh issue of shares worth ₹792 crore, with no offer for sale component