Page 44 - Real Estate

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.

Prestige Group aims ₹12,000 cr revenue from Ghaziabad township project

Real estate firm Prestige Estates Projects Ltd is targeting Rs 12,000 crore revenue from a 62.5-acre township at Ghaziabad, marking its entry into the Delhi-NCR growing residential market. Prestige Estates is already developing a commercial project at Delhi's Aerocity. In a regulatory filing on Tuesday, the company announced its entry into the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City, Indirapuram'. With all approvals secured, Prestige Group has begun marketing the first phase of this township project named 'Oakwood and Mulberry' which together represent a Gross Development Value (GDV) of over Rs 9,000 crore. When the second phase "Mayflower" is launched, it will take the total GDV of the entire residential development to Rs 12,000 crore, it added. The first phase will have 3,421 homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft. The township is spread across 62.5-acre in Indirapuram

Bhartiya Urban plans to launch over 5K apartments under Nikoo Homes brand

The luxury homes will host premium amenities, including a swimming pool, fitness centre, among others

SC asks CBI to probe 'unholy nexus' between builders & banks in Delhi-NCR

'Homebuyers are made to cry', observes the Supreme Court. Homebuyers' complaints prompt top court to mandate seven investigations by the Central Bureau of Investigation, starting with Supertech

Aurum PropTech appoints Ashish Deora as non-executive director on board

Aurum PropTech Ltd has appointed Ashish Deora as a non-executive director in the company. In a regulatory filing on Tuesday, Mumbai-based Aurum PropTech informed that its board has approved appointment of Deora, who is the founder and CEO of the company's parent entity Aurum Ventures as a Non-Executive Director. Commenting on the appointment, Deora said, "India PropTech sector represents a USD 100 billion opportunity across consumer tech, enterprise tech and fintech offerings." Since its inception in April 2021, he said the company has strategically combined organic and inorganic routes to grow its business. "As Aurum PropTech continues its journey toward achieving Rs 1,000 crore in revenue, fuelled by our rental, distribution, and capital offerings, I am excited to witness the technology-driven transformation of real estate, making it truly future-ready," said Deora, an alumnus of Harvard Business School. Over the last three decades, Aurum Ventures has entered into various ...

M3M family office invests $20 million in beauty tech platform Kult

Payal Kanodia and Aishwarya Bansal, part of the promoter family behind the M3M group, have joined the board of the start-up founded by Karishma Singh and Ruchika Pallavi

Should you rent or buy a home in 2025? New study breaks it down city-wise

Buying a home could be a smart wealth-building move if you plan to stay in cities like Bengaluru, Hyderabad, or Pune for at least 4-8 years.

Viceroy Properties to enter commercial realty with Rs 1,600 crore plan

India's commercial leasing market has seen a high growth phase post Covid, with both office space and retail witnessing robust demand in 2024, which is expected to rise further in 2025

Oberoi Realty Q4FY25 results: Net profit falls 45% to ₹433.2 crore

The company's net profit for Q4FY24 was ₹788.03 crore. The profit in Q4FY25 missed the Bloomberg analysts' poll estimate of ₹570 crore

Experion Developers to invest over Rs 2K cr in new Gurugram housing project

Realty firm Experion Developers will invest more than Rs 2,000 crore to develop a luxury housing project in Gurugram as part of its expansion plan, its CEO Nagaraju Routhu said. The company will develop 540 apartments in the upcoming luxury housing project 'The Trillion', which is located in Sector 48, Gurugram. "The total investment to develop this 5.5-acre project will be more than Rs 2,000 crore," Routhu told PTI. He said the company will soon start construction work and the entire project will be completed in 5-7 years. Routhu said the demand continues to be strong in the Gurugram market. In the first phase, the company is offering around 180 apartments for sale in a price range of Rs 6-8 crore. Experion Developers has delivered 9 projects in Delhi-NCR, Amritsar and Lucknow while two housing projects in Noida and Gurugram are under construction. The company is a 100 per cent FDI-funded real estate developer and wholly-owned subsidiary of Experion Holdings PTE Ltd, ...

As Navi Mumbai airport gears up for takeoff, realty to spread wings

Adani Realty, Godrej Properties, Hiranandani Group, K Raheja Corp, Panchshil Realty among many to ready residential and commercial projects

Rainforests and AI assistants: Luxury homes just got more exclusive

Rainforests, swimming pool theaters, artificial beach fronts, wine cellars, wellness areas, AI & smart tech in luxury projects

Macrotech Developers to invest Rs 8,000 cr in FY26 on land acquisition

Realty firm Macrotech Developers Ltd plans to invest more than Rs 8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru for building housing projects as part of its expansion plan. Macrotech Developers, which sells properties under 'Lodha brand', is one of the largest real estate companies in the country. In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi noted that housing demand continues to be strong, especially for big brands having strong track record of executing projects. To expand business, he said the company has set a target of acquiring multiple land parcels this financial year to develop projects, which can generate a revenue of Rs 25,000 crore. Under the new business development, Macrotech Developers purchases land outright and also partners with landowners. In 2024-25 fiscal, the company acquired 10 land parcels across MMR, Pune and Bengaluru. These land parcels will be used

One Group to invest Rs 1,200 cr in residential, commercial Mohali projects

These would include low-rise independent floors and residential plots in Sector 98, catering to the growing demand for independent living

MHADA lowers rates for extra area, allots permanent homes to tenants

Sanjeev Jaiswal, IAS, announced major relief measures including ground floor eligibility, premium adjustment, and accelerated allotments under MHADA's 100-Day Action Plan

Bengaluru leads office space commitment by corporates in Oct-Mar: Anarock

About 10.8 million sq ft of office space pre-committed by corporates nationally: Anarock

Registration of housing properties in big cities touches 544K units in FY25

Registration of housing properties stood at 5.44 lakh units in the last financial year across eight major cities, including Mumbai, Bengaluru and Hyderabad, increasing 77 per cent since 2018-19 fiscal, according to Square Yards. Other major property markets included Navi Mumbai, Thane, Pune, Noida and Greater Noida. On Friday, real estate consultant Square Yards released a report, 'Primary Vs Secondary: Unpacking Demand Trends in India's Residential Market', which showed that primary market (first sale) share in total registration stood at 57 per cent, while secondary market (re-sale) took the remaining 43 per cent in 2024-25. The data includes residential transactions for apartments, plots and villas. In volume terms, secondary transactions rose from 1.22 lakh units in FY19 to 2.33 lakh units in FY25. During the same period, primary market transactions increased from 1.84 lakh units to 3.11 lakh units. Tanuj Shori, CEO & Founder, Square Yards, said: "The residential market has .

Manoj Bajpayee, wife lease office space in Mumbai's Andheri for Rs 11 lakh

This is a commercial lease agreement for a 5-year period where the tenant (Barcode Influencer Marketing) will occupy two office units. They will begin paying Rs 10.94 lakh/month.

Suraksha Group to invest Rs 5,500 crore for completing 20,000 units

Execs confident of delivering all stalled towers within 40 months