Page 4 - Real Estate

Prestige to launch 2 housing projects in Delhi-NCR, eyes ₹7,000 cr revenue

Realty firm Prestige Estates Projects plans to launch two new housing projects in Delhi-NCR this fiscal with an estimated revenue of nearly Rs 7,000 crore as part of its expansion plan. In April last year, Bengaluru-based Prestige Group launched its first housing project in Delhi-NCR with a total revenue potential of around Rs 12,000 crore. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We are quite bullish on the Delhi-NCR market. We did sales bookings of around Rs 10,000 crore in the NCR market during the last fiscal". He said the company would launch two new housing projects in Delhi-NCR this fiscal, one each in Noida and Gurugram. The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at Rs 6,800 crore, as per the company's latest investor presentation. "Debuted in the residential NCR market with 'Prestige City Indirapuram', which met a resounding response and clocked over Rs 9,500

Mahindra Lifespaces acquires 15-acre MMR land parcel with ₹5,600 cr GDV

The Mahindra Group firm plans a residential project in Kandivali East with a development potential of 1.8 million sq ft and an estimated GDV of ₹5,600 crore

Namo Cities: Delhi's decongestion dream faces the test of execution

Experts flag coordination gaps as Centre bets on transit-led satellite hubs

GenAI may add $14-17 bn to real estate GVA over next seven years: Report

Generative AI could lift real estate GVA by $14-17 billion in seven years, improving sales velocity, project launches, productivity and decision-making, says EY-Parthenon-Credai report

Water-supply curbs threaten Mumbai's burgeoning real-estate pipeline

BMC's construction water curbs raise concerns over project delays, rising costs and labour disruptions, though developers remain divided on the scale of the impact

Target India signs ₹1,250-crore Bengaluru office lease for GCC expansion

The retailer's India arm has leased 8.3 lakh sq ft at Embassy Manyata Business Park, reinforcing Bengaluru's position as the leading hub for GCC-led office demand

Tulip Infratech plans ₹6,000 crore investment in Gurugram luxury housing

Developer launches Rs 1,100-crore Tulip Melrose project on Southern Peripheral Road as part of a larger luxury housing expansion plan

From Rs 1.9 cr to Rs 2.6 cr: Kalki Koechlin's Mumbai property bet pays off

Kalki Koechlin Exits Mumbai Property Investment After a Decade, Bags Rs 60 Lakh Gain

JSW Realty seeks ₹1,600 crore loan from Tata Capital for Mumbai project

The developer is seeking the five-year loan to fund an office project near Mumbai's Bandra business district

Explained: Why ED attached Rs 1,617 cr of assets lnked to Raheja Developers

The Enforcement Directorate has now attached assets worth over Rs 1,600 crore in a money-laundering probe involving Raheja Developers.

Kriti Sanon, family sell 4 Andheri flats for Rs 9 cr, bag Rs 4.6 cr profit

Kriti Sanon Family's Mumbai Realty Investment Delivers 107% Appreciation

Mumbai's redevelopment pipeline could unlock homes worth ₹1.5 trn by 2031

Knight Frank India estimates Mumbai's redevelopment pipeline could generate nearly 59,000 new homes worth around ₹1.5 trillion by 2031, with suburban markets leading activity

Dubai property market lures bargain hunters despite West Asia situation

Dubai's residential property market continues to attract buyers despite the West Asia conflict, with some investors viewing price corrections as an entry opportunity

Flexible workspace firm IndiQube takes 150,000 sq ft on lease in Chennai

The flexible workspace operator has leased 150,000 sq ft in Chennai's Perungudi area, with total rental commitments estimated at ₹235 crore over 15 years

Affordable homes are vanishing. The new Indian dream home costs ₹1.5-3 cr

Homes priced below ₹75 lakh have nearly vanished from new launches, while the ₹1.5-3 crore segment has emerged as the dominant choice for developers

Actors Yash and Radhika Pandit buy beachfront Alibag land for ₹24 crore

Celebrity Couple Yash-Radhika Pandit Acquire Coastal Alibag Property in ₹24-Crore Deal

Embassy Developments to spend ₹2k cr in FY27 on construction activities: MD

Realty firm Embassy Developments Ltd will invest around Rs 2,000 crore this fiscal in construction activities across various projects to ensure timely completion, a top company official said. Embassy Developments, part of Bengaluru-based Embassy Group, had invested nearly Rs 1,200 crore during the 2025-26 financial year. In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani said, "We will be stepping up investment on construction activities this fiscal to Rs 1800-2000 crore. He said the construction work is progressing well across all ongoing residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. Virwani said the construction cost has gone up by around 5-6 per cent due to a rise in prices of raw materials because of the West Asia conflict. Labour wages too have increased. On the operational front, he noted that sales bookings last fiscal more than doubled to Rs 4631 crore on strong consumer demand, which continues to shift

Realtors brace for project delays as Iran war disrupts supply chains

Developers brace for up to year-long project delays as the prolonged West Asia conflict raises costs, disrupts supplies and worsens labour shortages

Extended West Asia war threatens delivery of over 500,000 homes in India

Housing demand remains resilient and project financing is better than in previous cycles, says Anarock

Datanomics: Not metros, homes in smaller cities saw higher price growth

RBI data shows housing prices in several smaller cities have outpaced metros, while Delhi and Hyderabad remain below their 2022-23 price levels