Second-Home Demand Slips as 75% of HNIs Skip Holiday Property Buys
The deal was registered on December 26, 2025, with stamp duty of ₹1.5 crore paid on the transaction. Registration charges amounted to ₹30,000.
While some brokerages have cut their earnings estimates, they have a positive outlook in the medium term
Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...
Realty major DLF and GIC joint venture DCCDL's rental income rose 18 per cent to Rs 1,412 crore in the December quarter amid strong demand for premium office and retail spaces. DLF Cyber City Developers Ltd (DCCDL) rental income stood at Rs 1,193 crore in the year-ago period, according to DLF's latest investors presentation. DLF holds nearly 67 per cent stake in DCCDL while Singapore's sovereign wealth fund GIC has the remaining equity shareholding. At present, DCCDL has a total operational portfolio of 44.3 million square feet area, comprising prime office and retail spaces. Around 4 million square feet is retail area and the rest is office spaces. On financial performance front, DCCDL's net profit before exceptional item rose 40 per cent to Rs 717 crore during the third quarter of this fiscal from Rs 514 crore in the year-ago period. Total revenue grew 17 per cent to Rs 1,878 crore from Rs 1,605 crore. Its net debt stood at Rs 16,976 crore at the end of the latest December ...
Ahead of Budget 2026, realtors seek higher home loan tax deductions, a wider affordable housing definition, and dispute-resolution reforms to revive housing demand
Residential sales fell 12% in 2025 as buyers turned cautious, but disciplined supply is expected to keep prices stable through 2026
Overall, at least 126 land deals involving over 3,772 acres were sealed across the country in 2025, compared with 133 deals spanning 2,514 acres in 2024
Nifty Realty index correction: The fall in real estate stocks comes after two years of rally that saw the Nifty Realty index climb 34.39 per cent in 2024 and 81.34 per cent in 2023
According to data sourced from business intelligence platform Tofler, global fashion houses like Christian Dior, Hermes, and Gucci have not crossed the ₹500 crore mark when it comes to revenue in FY25
Raymond Realty has entered the central Mumbai market with a ₹5,000 crore luxury residential project in Wadala, betting on strong end-user demand, rising property values and large-format lifestyle deve
Mumbai-based Labdhi Lifestyle has launched a grade-A commercial project in Bandra Kurla Complex with a GDV of over ₹1,000 crore, banking on strong office demand amid limited new supply in core BKC
Back in 2024, MMR closed at least 30 land deals for over 607 acres
Retailers and CPG firms face weak consumption, rising compliance and real estate costs, GST working capital issues, and low innovation, seek FTAs, labour reforms, tourism push, Census, ONDC revival
Founders, Esop holders emerge as a younger cohort of high-end buyers
Embassy Developments will invest Rs 4,500 crore to launch three luxury residential projects in Mumbai with a GDV of Rs 12,000 crore, expanding its MMR footprint from Q4 FY26
Elan Group awards an Rs 840 crore construction contract to Tata Projects for its ultra-luxury residential project 'Elan-The Statement' in Sector 49, Gurugram
Supreme Court quashes 2020 HC order directing CBI probe into Ambience Mall, citing delay, lack of bona fides and forum shopping by petitioners
The company recently announced plans to launch the first phase of its ₹3,000 crore ultra-luxury residential project in Mumbai's Goregaon West, with the initial phase carrying a GDV of ₹1,250 crore
Realty firm Embassy Developments on Tuesday said it will invest Rs 7,000 crore in the Mumbai property market to build three new luxury housing projects and complete three ongoing properties as part of its strategy to expand business amid strong consumer demand. Embassy Developments Ltd (EDL) will soon launch three projects at Juhu, Worli and Alibaug in the Mumbai Metropolitan Region (MMR). EDL, erstwhile Indiabulls Real Estate Ltd, is listed on stock exchanges as one of the leading real estate companies in the country. Bengaluru-based Embassy Group also has two other listed firms -- WeWork India and Embassy Office Parks REIT. "We are ready for the next chapter of growth in Mumbai," EDL Chairman Jitu Virwani told reporters here. He said the housing demand continues to be strong. "Mumbai is an important market for us. We will be investing Rs 7,000 crore in MMR," EDL Managing Director Aditya Virwani told reporters here. He said the investments will be focused on completing the thre