Page 46 - Real Estate

Realty leads AIF investments with Rs 73,903 cr infusions till 9MFY25: Rpt

Investments in real estate through AIFs rose by 8 per cent from Rs 68,540 crore at the end of March 2024 (FY24-end) to Rs 73,903 crore by December 2024

Real estate market sees 28 deals worth $1.2 billion in Jan-Mar: Report

Indian real estate market witnessed 28 deals valued at USD 1.2 billion in January-March this year led by private equity transactions, according to Grant Thornton Bharat. Consultancy firm Grant Thornton Bharat on Monday released a report 'Real Estate/REITs Dealtracker-Providing M&A and PE deal insights'. "In Q1 (January-March) 2025, the Indian real estate markets recorded 28 deals valued at USD 1.2 billion, marking a whopping 133 per cent growth in volumes and an over five-fold increase in values over Q1 2024 even after muted IPO and QIP activity, reflecting sustained investor interest," the report said. As per the data, there were 11 deals in M&A (merger & acquisition) space worth USD 137 million. In PE/VC (private equity and venture capital) activity, there were 17 deals for USD 1,050 million. The first quarter of 2025 witnessed muted IPO (initial public offering) and QIP (Qualified Institutional Placement) activity. Shabala Shinde, Partner & Real Estate Leader, Grant

Indian real estate attracts nearly Rs 74K cr till Dec'24 from AIFs: Anarock

Alternative Investment Funds (AIFs) have cumulatively infused nearly Rs 74,000 crore in the Indian real estate space till December 2024, highest among all sectors, according to property consultant Anarock. AIF means any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. Real estate consultant Anarock has compiled Sebi data related to AIFs, which invest in non-traditional assets like private equity, hedge funds, and real estate - offer niche, high-risk, high-reward opportunities suited for experienced investors. Till December 2024, AIFs have cumulatively invested Rs 5,06,196 crore across all sectors. The real estate sector accounted for the largest share of 15 per cent of cumulative net AIF investments at Rs 73,903 crore. "The rise of AIFs has significantly transformed real

Navi Mumbai International Airport poised to drive real estate growth

The average residential property rates in Navi Mumbai increased by 23 per cent year-on-year (Y-o-Y) in 2024 to ₹10,810 per square foot (psf)

Macrotech cuts net debt 7% in March quarter to ₹4K cr on strong sales

Realty firm Macrotech Developers' net debt fell by 7 per cent in the January-March quarter to nearly Rs 4,000 crore on strong housing sales and fund collections from customers. Macrotech Developers, which sells properties under the Lodha brand, is one of the leading real estate developers in the country. In its latest operational update, Macrotech Developers noted that the company's net debt reduced by Rs 320 crore during the January-March quarter to Rs 3,990 crore. The company's net debt stood at little over Rs 4,300 crore at the end of December 31, 2024. The reduction has been achieved despite significant investment in acquiring land parcels for future development. The company buys land outright and also partners with landowners to develop housing projects. Macrotech Developers' internal cash flow remained strong last fiscal year due to record sales bookings and healthy fund collections from customers. Macrotech Developers' sale bookings grew 21 per cent last financial year to

Homebuyer in Bengaluru wins Rs 2.56 cr refund as builder delays apartment

Karnataka RERA confirms developer did not fulfill obligations agreed upon at time of sale

Kolte-Patil Q4 sale bookings fall 15% to Rs 631 crore on lower volumes

Realty firm Kolte-Patil Developers Ltd's sale bookings declined 15 per cent to Rs 631 crore in the fourth quarter of last fiscal on lower volumes. Its sale bookings stood at Rs 743 crore in the year-ago period. Sale bookings in volume terms fell 23 per cent to 0.8 million square feet during January-March quarter of 2024-25 from 1.03 million sq ft in the corresponding period of the preceding year, according to a regulatory filing on Thursday. During the full 2024-25 fiscal, Kolte-Patil Developers Ltd fell marginally by 1 per cent to Rs 2,791 crore from Rs 2,822 crore in the preceding fiscal. Sales volume declined 8 per cent to 3.60 million square feet from 3.92 million square feet, but average realisation rose 8 per cent to Rs 7,758 from Rs 7,193 per square feet. Pune-based Kolte-Patil Developers Ltd is one of the leading real estate firms in the country. Atul Bohra, Group CEO of Kolte-Patil Developers, said, "During FY25, we recorded milestone collections of Rs 2,432 crore, reinfo

Kolte-Patil Developers posts sales of ₹631 crore in Q4 FY25, down 15%

The company's collections for Q4 FY25, however, grew by 19 per cent Y-o-Y and 24 per cent Q-o-Q to ₹704 crore

Prestige Estates Q4 sales rise 48% to Rs 7K cr, FY25 bookings fall 19%

Realty firm Prestige Estates Projects Ltd sales bookings rose 48 per cent to nearly Rs 7,000 crore in January-March quarter, but pre-sales declined 19 per cent to over Rs 17,000 crore in the last fiscal. Prestige Estates attributed the fall in annual sales bookings numbers to lower launches of housing projects due to a lack of approvals from development authorities. As a result, the company has failed to achieve the annual sales bookings guidance of Rs 24,000 crore. In a regulatory filing, Bengaluru-based Prestige Estates shared its operational performance for the fourth quarter of the last fiscal and the full 2024-25 financial year. The company's sales bookings stood at Rs 6,957.4 crore in the January-March quarter of the last fiscal, an increase of 48 per cent year-on-year (y-o-y). Sales volume stood at 4.49 million square feet, a 9 per cent increase Y-o-Y. Total units sold during the fourth quarter stood at 2,301. The average realisation for apartments, villas, and commercia

Singer Alka Yagnik, daughter buy flat in Mumbai's Andheri for Rs 11.5 cr

The 2,297 sq ft flat is located in Oberoi Sky Heights, Andheri West, and was registered on April 15.

After New York, Gurugram to house second Trump residential project

Gurugram to become first city outside US to have two Trump residential projects

Construction industry expected to grow by 8-10% in FY26, says Icra

The model code of conduct in Q1FY25, an elongated monsoon period, and a shift to milestone-based billing in Q2FY25 significantly impacted construction activities, especially for road projects

Bengaluru's luxury apartment sales cross Rs 1,000 cr in FY25, shows data

Hebbal emerged as the frontrunner in Bengaluru's high-end luxury apartment market in the period, commanding 22 per cent of the total sales value

Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV

Since its inception in 2006, Assetz has delivered 20 residential and commercial projects, spanning approximately 15 million square feet

Smartworld, Tribeca to build ₹2,200-cr Trump luxury homes in Gurugram

Realty firms Smartworld Developers and Tribeca Developers on Wednesday announced that they will develop an ultra-luxury residential project in Gurugram under the 'Trump' brand with a total investment of around Rs 2,200 crore. M3M Group firm Smartworld Developers and Tribeca have launched the 'Trump Residences' project in Gurugram comprises 298 units. The project has a total saleable area of 12 lakh square feet. This is the second Trump-branded residential project in Gurugram and the sixth project in India. M3M Group, which is developing the first Trump project in Gurugram, will start giving possession from this month. "The total project cost will be around Rs 2,200 crore for this new Trump-branded project," Smartworld Developers co-founder Pankaj Bansal told reporters here. He said the project will be completed in five years. Kalpesh Mehta, Founder of Tribeca Developers, said, "Trump returns to Gurugram with second project. This reflects the strength of the Gurugram market and al

Housing sales down 19% on high prices; supply drops 10% in 8 cities

Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution. In its report 'Real Insight', PropTiger also mentioned that new supply dropped 10 per cent in the first quarter of the calendar year, as developers adjusted with the market situation. "The huge spike in prices had already started to show its adverse impact on sales. With a global trade war now bringing new uncertainty, it is only natural for buyers to adopt a cautious approach to investment, particularly in something so big as real estate," said Dhruv Agarwala, Group Chief Executive Officer, Housing.com and PropTiger. As per the PropTiger data, housing sales in Ahmedabad fell 17 per cent to 10,730 units in January-March from 12,915 unit

With home prices shooting up, can you still buy one for Rs 1 cr in Mumbai?

Kandivali East leads with the highest 10-year growth rate of 6% pa, followed by Borivali West at 5% pa

Branded residences, resorts in India to hit $1 bn by 2027: Fine Acers

The market size of branded residences and resorts will reach USD 1 billion by 2027, luxury resort developer Fine Acres said on Tuesday. The market is expected to grow at 11-12 per cent in 2025-26 and 15 per cent by 2030, Fine Acres said in a statement. Domestic leisure and business travel will continue to be the primary demand driver while growing traction in the MICE (meetings, incentives, conventions and exhibitions) segment and pickup in foreign tourist arrivals will provide additional fillip, it added. The branded hotels segment registered a strong 17 per cent growth in the last fiscal. To meet the increasing demand, the pace of room additions, which has increased since last fiscal, is expected to pick up further and majorly through the asset-light management contract route, it stated. According to Fine Acers, the branded residences market is growing at 11 per cent YoY. However, a positive economic trend, urban affluence and demand for lifestyle investment properties are expec

Cricketer KL Rahul, actor Suniel Shetty buy 7 acres in Thane for Rs 9.85 cr

. As per the IGR property registration documents reviewed by Square Yards, the transaction involves 7 acres (28,327.95 sq. m / ~33,879.58 sq. yd) of undivided land within a larger land parcel spannin

Mumbai's Rishabraj Developers buys 3.8 acres in Borivali West for Rs 539 cr

The documents indicate that the developer intends to develop the four land parcels into residential and commercial spaces.