Page 43 - Real Estate

Prime Focus to build Rs 3,000 cr film city over 200 acres in Mumbai

Prime Focus on Friday announced a Rs 3,000 crore investment to set up a 'film city', housing an entire ecosystem related to entertainment. The BSE-listed entertainment company signed a memorandum of understanding with the Maharashtra government to create the facility, which has the potential to create up to 2,500 jobs, on the sidelines of the ongoing WAVES 2025 event here. Founder of the company Namit Malhotra told PTI that the film city will come up over a 200-acre area within the financial capital that the state government has committed to allocate. Without disclosing the exact location where the facility will be housed, Malhotra said the state government has two or three options. The financial capital already houses a film city run by the state government, which primarily hosts studios for film production and post-production and also talent training. Prime Focus' film city will have a Ramayana-themed amusement park, hotels, residential accommodation facilities where families ca

Godrej Properties Q4 profit down 19% at Rs 382 cr; plans to raise Rs 2K cr

Realty firm Godrej Properties on Friday reported a 19 per cent decline in its consolidated net profit to Rs 381.99 crore for the latest March quarter despite higher income and announced plans to raise debt up to Rs 2,000 crore. Its net profit stood at Rs 471.26 crore in the year-ago period. Total income increased to Rs 2,681.06 crore in the fourth quarter of the last fiscal year from Rs 1,914.82 crore in the corresponding period of the preceding year, according to a regulatory filing. During the January-March quarter, the company's tax outgo rose to nearly Rs 190 crore while it incurred a loss of Rs 35.36 crore in some joint ventures. However, Godrej Properties net profit rose 93 per cent to Rs 1,399.89 crore during 2024-25 from Rs 725.27 crore in the preceding fiscal. Total income grew to Rs 6,967.05 crore last fiscal from Rs 4,334.22 crore in the 2023-24 fiscal. The board also approved raising of up to Rs 2,000 crore fund, by issue of Non-Convertible Debentures, Bonds, and/ or

Singer Rahul Vaidya, family sell 2 flats in Mumbai's Oshiwara for Rs 5 cr

Both the apartments sold by Rahul Vaidya are located in Samartha Aangan, a ready-to-move residential project.

Anmol Jaggi-linked company bought luxe apartment in DLF Magnolias

Anvi Power Investments, a company in which Anmol Jaggi is a director, bought a ₹32 crore apartment at The Magnolias, an uber-luxury project in Gurugram and also of DLF

DLF plans luxury highrise project with over 1,000 apartments in Gurugram

This comes after the firm had sold out two earlier launched projects - Privana South and Privana West - with 1,113 units and 795 units, respectively

Development potential, cash flows to ensure growth for Macrotech in FY26

From blueprint to build, growth gears for real estate major click into place

Hyderabad holds max vacant office space at 284 lakh sq ft: Vestian

Hyderabad has maximum vacancy in office space at 284 lakh sq ft among seven major cities amid strong supply in last few years, according to real estate consultant Vestian. As per the Vestian data as of March 2025, Hyderabad has a total office stock of 1,620 lakh square feet, of which 284 lakh sq ft or 17.5 per cent area is vacant and yet to be rented out to corporates. The vacancy in Hyderabad came down to 17.5 per cent from 19 per cent as no fresh supply came into the market during January-March period of this year. After Hyderabad, the consultant data showed that Delhi-NCR has vacant office space of 232 lakh sq ft out of total office stock of 1,364 lakh sq ft. The vacancy rate in Delhi-NCR is 17 per cent. Bengaluru, the country's most prominent office market, has a stock of 2,805 lakh square feet and out of that 7.5 per cent or 210 lakh sq ft is vacant. In Chennai, the office vacancy is 7.1 per cent. The total office space stock is 843 lakh sq ft and 60 lakh sq ft is vacant. Of

Housing units delivery across Delhi-NCR down 8% in FY25: PropEquity

Delhi-NCR has witnessed an 8 per cent decline in total residential units delivered during the last financial year to 48,388 units, according to PropEquity. The number of homes delivered in Delhi-NCR during the 2023-24 fiscal stood at 44,423 units. Real estate data analytic firm PropEquity data showed that the number of homes delivered in 9 major cities has risen 33 per cent to 4,06,889 units in 2024-25 as against 3,06,600 units in the preceding year. The data represents apartments, row houses, and villas whose occupancy certificates have been received. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. The most number of homes were delivered in Pune at 81,563 units during the 2024-25 fiscal, an increase of 41 per cent Year-on-Year (Y-O-Y). Pune was followed by 77,017 units in Thane (39 per cent Y-O-Y growth), 57,304 units in Hyderabad (61 per cent Y-O-Y growth), 46,103 units in Bengaluru (26 per cent Y-O-Y growth), 44,423

Bengaluru's Rs 10 cr+ home market hits Rs 1,000 cr sales milestone in FY25

The Rs 10-Rs 12 crore price bracket saw the highest sales, with demand coming largely from CXOs, startup founders, high net-worth individuals (HNIs), and globally mobile Indians.

Mumbai property registrations hit 7-year April high, avg price is Rs 1.6 cr

Jan. to April saw record 52,896 property registrations in Mumbai, against 48,819 in corresponding period in 2024 - up 8% annually

Alkem Lab's Sarvesh Singh buys duplex on Mumbai's Carter road for Rs 174 cr

The sea-facing duplex is spread across 12,148 square feet and occupies two entire floors.

Big builders likely to tighten grip as realty mkt consolidates around them

Homebuyers prefer grade-A builders, delivery of homes key accountability factor

Realty sector welcomes Supreme Court's order on builder-bank nexus

The court found a prima facie nexus between renowned banks and builders in the execution of projects in Noida, Greater Noida, Yamuna Expressway, Gurugram, and Ghaziabad

Supreme Universal registers ₹174 cr txn for its ultra-luxury property

"We understand the ultra-luxury segment deeply - from refined design sensibilities to what today's discerning customer truly desires," said Sunny Bijlani, joint managing director, Supreme Universal

Mindspace Reit Q4: NOI grows 13% amid sustained demand for grade-A assets

Mindspace recorded gross leasing of 2.8 million square feet (msf) in Q4FY25, compared to 2 msf in Q4FY24. The occupancy across its assets stood at 93 per cent

Houses delivered in 9 major Indian cities up 33% in FY25: Report

Western and Southern markets report surge, trend expected to continue

Mumbai property registrations up 4% in April, revenue down 6%: Knight Frank

The transactions across the month contributed more than Rs 990 crore to Maharashtra's revenue

Bengaluru sees 59% rise in luxury home sales to ₹1,000 cr in FY25: Report

Bengaluru's housing market witnessed a 59 per cent growth in sales of luxury homes, costing Rs 10 crore and above, in the last fiscal at a record Rs 1,000 crore on high demand, according to India Sotheby's International Realty and CRE Matrix report. Real estate consultant India Sotheby's International Realty (ISIR) and real estate data analytics firm CRE Matrix's recent report mentioned that Bengaluru's luxury housing market (Rs 10 crore and above) achieved sale bookings of Rs 1,000 crore in 2024-25 against Rs 627 crore in the preceding year. In volume terms, sales of luxury homes rose to 78 units from 51 units. The report stated that Rs 10-12 crore ticket-size apartments are seeing the highest sales in Bengaluru's luxury segment. "Bengaluru's luxury housing market has entered a new league. We're seeing discerning buyers - especially CXOs, startup founders, and global Indians - investing not just in a home, but in a lifestyle. The demand today is driven as much by aspiration as by

Paid EMIs but got no home? SC steps in to probe builder-bank scams in NCR

The Supreme Court has ordered a CBI investigation into builder-bank frauds affecting homebuyers in NCR, particularly focusing on stalled housing projects and failed subvention schemes.

Lawyer Arun Kathpalia buys bungalow in Delhi's Golf Links for Rs 69 cr

Golf Links and Sunder Nagar have emerged as particular favourites for lawyers due to their proximity to the high court and the Supreme Court.