Page 49 - Real Estate

Ultra-luxury home sales grow 483%, affordable segment falls: Knight Frank

The premium housing segment (Rs 1 crore and above) was the key market driver, accounting for 46 per cent of total sales, up from 40 per cent in Q1 2024

Tata Advanced Systems buys 7.4 lakh sq ft land in Karnataka for Rs 29 cr

The firm has purchased the land for aircraft manufacturing - final assembly line including maintenance, repair, and overhaul (MRO)

Over 88,000 homes sold in Q1 2025, 46% of houses sold are above Rs 1 crore

Notably, ultra-luxury homes (Rs 5 crore and above) recorded the highest yearly growth at 483%, increasing from 29 units in Q1 2024 to 169 units in Q1 2025.

ChrysCapital's Kukreja, wife buy Rs 155 cr bungalow in Delhi's Golf Links

Sanjay Kukreja and Shaveta Sharma paid a stamp duty of Rs 9.30 crore for the Rs 155 crore property deal in Delhi's upscale Golf Links area. The property spans 11,250 sq. ft with a plinth area of 7,993

Dhruv Agarwala resigns as CEO of REA India that owns Housing.com, PropTiger

Dhruv Agarwala, the CEO of REA India, that owns real estate classified platform Housing.com, has resigned from the company to pursue his own entrepreneurial journey. In 2011, Agarwala co-founded proptech firm Elara Technologies which owned PropTiger, one of the leading housing brokerage firms in the country. Later in 2017, he acquired Housing.com from Softbank and others. Australia's REA Group acquired Elara Technologies in 2020 and took control of Housing.com and PropTiger. In a statement on Thursday, Australia's REA Group announced that Agarwala has decided to step down as CEO of REA India after 14 years with the business. "Agarwala will remain with the business to support the appointment of his successor and ensure a smooth leadership transition before departing. A comprehensive process to appoint a new CEO is underway," it added. REA Group CEO Owen Wilson noted that Agarwala's leadership has been a key driver of REA India's growth. "Dhruv is an exceptional entrepreneur and ha

Orris Group Usage of ED-S Fosters Ground-breaking Real Estate Engineering Innovations

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Real estate firm Trinity to invest Rs 1,200 cr in Gurugram housing project

Realty firm Trinity will invest Rs 1,200 crore to develop a housing project in Gurugram. In a statement on Wednesday, the company said it is developing an 11-acre luxury residential project 'Sky Palazzo Residences' on Dwarka Expressway in Gurugram. The project will be completed by 2029. The company will develop this project "with an investment of Rs 1,200 crore". In the first phase, it will develop 345 apartments. Avinash Nagpal, Senior Vice President Projects, Trinity, said there is a strong demand for ultra-premium homes. Housing sales have risen sharply during the post-COVID pandemic. According to PropEquity data, housing sales in Delhi-NCR rose 10 per cent to 11,221 units in January-March 2025 from 10,235 units in the year-ago period.

Mahindra Lifespaces to redevelop two societies in Mumbai's Lokhandwala

The project will be pursued under the state's cluster redevelopment scheme

Flex office operators eye IPOs as MNCs, GCCs demand grade-A spaces

In the first quarter of 2025 (Q1 2025), the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers

Circle rates hike may not 'immediately' hit Mumbai realty market

Across the state, the RR rate has been increased by 3.9 per cent, on average

Realtor Runwal Enterprises files draft papers for Rs 1,000 crore IPO

The completely fresh issue will have equity shares with a face value of Rs 2 each

Real estate developer Runwal Enterprises files papers for ₹1,000 crore IPO

The entire issue comprises a fresh offer of equity shares with a face value of Rs 2 each

Oberoi Realty, Sobha: Nifty Realty falls 4%; What's worrying investors?

Oberoi Realty, Godrej Properties, Prestige Estates were down over 3 per cent, Macro Tech Developers, Phoenix Mills, DLF, Sobha, and Brigade Enterprises slipped 2 per cent

37% appreciation: Gauri Khan sells flat in Mumbai's Dadar for Rs 11.6 cr

Square Yards' analysis of IGR property registration documents reveals that an apartment purchased by Gauri Khan in August 2022 for Rs 8.5 crore was recently sold for Rs. 11.61 crore.

Maharashtra hikes property rates: What 3.9% RR rate increase means for you

The Maharashtra government has raised the Ready Reckoner rates by an average of 3.9% for the year 2025-26. These rates are important for calculating property taxes, stamp duty, and registration charge

Shubhashish Homes Surpasses FY24 Target with 211+ Cr in Pre-Sales, Achieves 120% Y-o-Y Growth

Sets Ambitious 400 Cr Goal for FY 2025-26, Eyes Indore Expansion

Aditya Birla Real Estate up 3% on divesting paper unit for Rs 3,498-crore

The rise in the Aditya Birla Real Estate shares came after the company sold its Century Pulp & Paper business to ITC for Rs 3,498 crore on a slump sale basis.

Aditya Birla arm to sell paper, pulp business to ITC for Rs 3,498 crore

ABREL sells Century Pulp and Paper through slump sale

ED attaches Rs 95 cr worth assets of Gurugram realty firm SBPL in PMLA case

The Enforcement Directorate on Monday said it has attached assets worth about Rs 95 crore as part of a money laundering investigation against a Gurugram-based real estate company and its promoter on charges of duping more than 950 homebuyers. The action has been taken against Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt. Ltd. (SBPL), his companies and some other persons, the federal probe agency said in a statement. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) for attaching land parcels, residential house and commercial building in Gurugram (Haryana), it said. These properties are worth Rs 94.82 crore, acccording to the agency. The company or its promoter could not be contacted for their response on the allegations made by the ED against them. The money laundering case stems from a clutch of FIRs filed by the Economic Offences Wing (EOW) of Delhi Police. The EOW complaints were registered on the basis of complaints of various ..

Housing unit launches in top 9 cities dip 34% to 81K in Jan-Mar: PropEquity

New supply of housing properties in India's top-9 cities declined 34 per cent to 80,774 units during January-March period, according to PropEquity. There were 1,22,365 housing units launched in the year-ago period. Real estate data analytics firm PropEquity data showed that new supply rose only in Bengaluru and fell in other cities. As per the data, new housing supply in Bengaluru increased 17 per cent to 20,227 units in January-March from 17,303 units in the year-ago period. However, in Chennai, the fresh supply fell 46 per cent to 3,946 units from 7,259 units. New supply in Hyderabad declined 38 per cent to 8,773 units from 14,082 units. Kolkata saw a 62 per cent fall in new supply to 1,874 units from 4,964 units. In Mumbai, the new supply halved to 6,359 units from 12,840 units. Navi Mumbai, too, saw a dip of 24 per cent to 5,810 units from 7,616 units. New homes supply in Pune fell 48 per cent to 12,479 units from 24,007 units. In Thane, the new supply fell 50 per cent to