Page 47 - Real Estate

Private equity, M&A drive 3x jump in real estate capital in FY25

Real estate sector raises ₹32,852.6 crore in FY25 from 17 deals as Reits and InvITs gain traction, despite underperformance of listed realty stocks

Hotel, realty stocks under pressure, slip up to 7% on Friday; here's why

At 12:40 pm; BSE Realty index, the top loser among sectoral indices, was down 2.7 per cent, as compared to 1.03 per cent decline in the BSE Sensex.

Actress Amrita Puri buys luxury flat in Mumbai's Lower Parel for Rs 37 cr

The apartment purchased by the Puri family is situated in World One, a part of The World Towers developed by the Lodha Group

Move over REITs-This township promises weddings, villas, Polo, and 9% yield

A first-of-its-kind racecourse-themed township in Pune introduces a hospitality-led real estate model offering up to 9% ROI, blending luxury living with steady passive income.

Tribeca eyes 8-12 projects in 3 years under new plotted housing arm

Tribeca launches a new vertical, Tribeca Estates, to focus on plotted developments, luxury villas, and hospitality-led townships across key Indian cities

Della Resorts joins Hiranandani JV for Pune project worth Rs 1,100 cr

Della Resorts has partnered with Hiranandani Communities and Krisala Developers to co-develop a 40-acre racecourse-themed township in Pune's North Hinjewadi

Brigade buys land near ITPL, plans Rs 2,000 cr Bengaluru office project

Brigade Group will develop 1.5 million sq ft of commercial space in Whitefield, Bengaluru, after acquiring 11 acres opposite ITPL, with a GDV exceeding Rs 2,000 crore

PSIT files Rs 472 crore IPO for PropShare Titania, its second SM Reit

The IPO proceeds will fund acquisition of 4.4 lakh sq ft grade A+ office asset in Mumbai fully leased to blue-chip tenants with projected 9 per cent yield till FY28

India's housing market is not crashing, but definately cooling. Here is why

After a period of rapid post-pandemic expansion, the market now appears to be entering a phase of cautious consolidation.

Rich using farmhouses to save crores in taxes, legally: CA explains how

High-net-worth individuals taking advantage of a legal loophole in Income Tax Act, according to the financial expert

Prestige Estates to invest Rs 10K cr in 62 acre Ghaziabad township project

Realty firm Prestige Estates Projects Ltd will invest around Rs 10,000 crore over the next six years to develop a 62.5 acre township at Ghaziabad, Uttar Pradesh as it remains bullish on housing demand in Delhi-NCR market. On April 29, Bengaluru-based Prestige Group announced its entry into Delhi-NCR's residential market. It is already developing a commercial project at Delhi's Aerocity comprising hotels and office spaces. "We have entered into Delhi-NCR's housing market with our first project 'Prestige City, Indirapuram'. We want to rewrite the way real estate is done in this region. We do not want to be the biggest but definitely the best developer in the NCR market," Prestige Estates Chairman and Managing Director Irfan Razack told reporters here. He said the company will focus on quality with timely delivery, which has been a problematic issue in the Delhi-NCR property market. Razack said the company will develop around 10 million square feet area, comprising 4,041 homes and aro

Can Fin Homes targets 20% disbursement growth in FY26 on rate relief

Can Fin Homes aims to grow loan disbursements by 20 per cent in FY26, citing softer interest rates and recovery in key markets like Karnataka and Telangana

ED attaches NCR realty group's assets worth Rs 2,348 cr under PMLA act

The ED on Monday said it attached hundreds of acres of land and unsold real estate inventory in Delhi-NCR, apart from some residential units in Goa, worth Rs 2,348 crore as part of a money-laundering investigation against realty group WTC Faridabad Infrastructure Private Limited and other WTC Group entities. The federal probe agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to attach these properties. The action has been taken in "a massive real estate fraud involving WTC Faridabad Infrastructure Private Limited and other entities of the WTC Group, headed by Ashish Bhalla", the Enforcement Directorate (ED) said. The attached assets include about 159 acres of licensed and unlicensed land, along with unsold real estate inventory across Delhi, Gurugram, Faridabad and Noida, as well as residential properties in Goa and commercial premises in Delhi-NCR, it said. These assets are worth Rs 2,348 crore, the agency said. The money-laundering

Oswal Group to invest ₹1,350 crore in Punjab realty over next 3 years

Vardhman Amrante to invest ₹1,350 crore in Punjab, developing commercial spaces and integrated residences in Ludhiana and Bhatinda through internal accruals and sales

Primary or secondary market home buy? Check budget, risk appetite to decide

You may get a lower price in the secondary market, but you must be prepared for a high upfront payout

Macrotech Developers to launch Rs 19k crore housing projects this fiscal

Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties. Mumbai-based Macrotech Developers, which sells properties under 'Lodha brand', is one of the leading real estate firms in the country. In an interview with PTI, Macrotech Developers Executive Director- Finance Sushil Kumar Modi said the company remains bullish about the growth prospects in Indian real estate sector and will keep investing to expand business. "In the last fiscal, we launched around 10 million square feet area with a Gross Development Value (GDV) of around Rs 14,000 crore spread across 24 projects," he said. Modi said the company would launch 17 housing projects in the current fiscal covering 13 million square feet area and an estimated sales booking potential of Rs 19,000 crore. These projects will be launched across MMR, Pune

FECs in India have gaps that need to be addressed: Bharti Real Estate CEO

Its MD&CEO says discussions on with many global players for indoor entertainment area

Godrej Properties Q4 results: Net profit falls 19% amid surge in expenses

Despite 93 per cent full-year profit growth, Godrej Properties' Q4 profit fell 19 per cent YoY due to a sharp 54 per cent increase in expenses led by material consumption costs

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