Page 50 - Real Estate

Max Estates acquires stalled 'Delhi One' project, to invest ₹1,400 crore

Realty firm Max Estates Ltd on Thursday announced it has taken over the stalled 'Delhi One' project in Noida through the insolvency process and will invest Rs 1,400 crore to develop this mixed-use property. In a regulatory filing on Thursday, Max Estates said it has taken over Boulevard Projects Pvt Ltd to revive Delhi One project in Noida, after 7 long years of wait. Max Estates said it has successfully completed the acquisition of 100 per cent equity share capital of Boulevard Projects Pvt Ltd by way of allotment of 34,000 fresh equity shares to the company and its nominees, effective April 23, 2025. The project is an integrated mixed-use development that will have ultra-luxury serviced residences, premium office spaces, and retail spaces. Max Estates had received final approval from NCLT and NCLAT on February 2023 and October 2024, respectively. "The company is acquiring the Delhi One Project pursuant to a Resolution Plan, and the total capital commitment, including settlement

After 7-yr delay, Max Estates takes over and revives Delhi One in Noida

Relief to homebuyers as Max Estates takes over 'Boulevard Projects Private Limited (BPPL)' to revive Delhi One project in Noida, after 7 long years of wait.

HoABL to build high rises in Mumbai; to invest ₹2.5K cr across 3 projects

The funding would be through a mix of internal accruals and debt for working capital and pre-sales

Reddit post sparks debate: Buy or rent amid Bengaluru's realty boom?

With rising prices and peer pressure, experts suggest focusing on financial readiness over FOMO

Amid stock market volatility, NRIs turn to luxury realty for stable returns

Delhi NCR region stood out as the only top-tier city to register positive growth in new home sales in Q4 (Oct-Dec 2024), with 9,808 units sold-up from 6,528 units in the same period last year.

ITC Hotels signs 14 Fortune Hotels, opens 7 new properties in FY25

ITC Hotels Ltd on Tuesday said it signed 14 'Fortune Hotels' and opened seven new properties under the brand in 2024-25, to further strengthen presence, especially tier II and tier III markets. The new properties are located across emerging markets and gateway destinations and will further strengthen the brand's presence, especially tier 2 and tier 3 markets in the upscale to midmarket category, the company said in a statement. As of March 31, 2025, Fortune brand had a portfolio of 78 hotels comprising 56 operational hotels across India and Nepal with 22 hotels in pipeline, it added. "As we enter this new financial year, we reaffirm our commitment to sustained growth and excellence in hospitality," ITC Hotels Ltd Managing Director Anil Chadha said. He further said, "This footprint expansion endeavours to offer travellers access to prime locations and Fortune's comfortable hospitality." In FY25, the company said Fortune saw six new hotel openings in India at Pahalgam, Puri, Chennai

Goa, Kanpur, Lucknow top the charts in property appreciation in 2025

According to Magicbricks, the average capital appreciation across tier 2 cities stands at 17.6%, outpacing Delhi's 15.7% by a significant margin

Top Indian cities get $26.6 bn realty equity inflow between 2022 and 2024

Mumbai topped the real estate equity investment with the highest inflow of $6.9 billion, accounting for a 26 per cent share in total real estate equity investments between 2022-24

Sumadhura Group to invest ₹250 cr in 4 years for Bengaluru housing project

Realty firm Sumadhura Group will invest Rs 250 crore to develop a housing project in Bengaluru. In a statement on Tuesday, the company said it has entered South Bengaluru with the launch of project 'Codename Uru' located in Kenchanhalli. Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs 500 crore. The project, which is expected to be completed by December 2029, will have 297 homes across two towers of 28 floors each. The company will invest about Rs 250 crore over the next four years to develop this housing project. Madhusudhan G, Chairman & Managing Director of Sumadhura Group, said: "South Bengaluru has emerged as a vibrant growth corridor...we see this expansion as a natural step in our vision to create strategically developed and lifestyle-focused communities across Bengaluru." In the past 30 years, the company has delivered 54 projects comprising over 130 lakh square feet, and up to 400 lakh square feet area is in the pipeline. The

Anant Raj shares jump 6% after Q4 net profit rises 51% to ₹118 crore

Anant Raj stock was quoting at ₹507.35, up 2.79 per cent from Monday's closing price of ₹493.60

Arkade Developers Q4 sales bookings up 11% at Rs 217 cr; FY25 rises 20%

Realty firm Arkade Developers Ltd on Tuesday reported an 11 per cent rise in sales bookings to Rs 217 crore for the latest quarter ended March. Its sales bookings stood at Rs 196 crore in the year-ago period. "During 2024-25, Arkade Developers achieved robust pre-sales (sales bookings) of Rs 773 crore, marking a 19.8 per cent increase from Rs 645 crore in the previous year. This growth reflects the continued demand for the residential portfolio of Arkade in the Mumbai region," the company said in a regulatory filing. The amount collected from customers stood at Rs 716 crore in the last fiscal, up by 21.8 per cent when compared to the preceding year. Mumbai-based Arkade sold 2,49,000 sq ft in 2024-25 compared to 2,03,000 sq ft in the preceding year, recording a 22.7 per cent annual growth. Arkade Developers Chairman and Managing Director Amit Jain said, "FY25 was a year of consistent performance and robust momentum. With a sharp focus on timely execution, sales velocity and custome

Anant Raj Q4 results: Profit up 51% at ₹118.64 cr, revenue grows to ₹551 cr

Realty firm Anant Raj Ltd has reported a 51 per cent increase in consolidated net profit to Rs 118.64 crore for the fourth quarter of the last financial year. Its net profit stood at Rs 78.33 crore in the year-ago period. Total income rose to Rs 550.90 crore in the January-March period of 2024-25 fiscal year, from Rs 453.12 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday. During the last fiscal, the net profit increased to Rs 425.54 crore, from Rs 260.91 crore in the 2023-24 fiscal. The total income grew to Rs 2,100.28 crore in 2024-25, from Rs 1,520.74 crore in the preceding year. Delhi-based Anant Raj Ltd has developed many real estate projects, primarily in North India. It develops housing, commercial and data centre projects.

Brigade Enterprises aims ₹175 cr revenue from 20 acre project in Bengaluru

Realty firm Brigade Enterprises Ltd will develop a 20-acre project, comprising residential plots, in Bengaluru with an estimated revenue of Rs 175 crore. In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. "... The project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet," it said. The company did not mention the name of the landowner with whom it has signed the JDA. "We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation," Pavitra Shankar, Managing Director, Brigade Enterprises, said. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to

Real estate institutional investments in Q1 CY25 up 47% at $0.81 bn: Report

Foreign and domestic companies show 'increased commitment to long-term investments'

₹10,000 cr Adani township coming up near Navi Mumbai Airport. Details

Adani Realty is planning a 1,000-acre township project near Navi Mumbai Airport, inspired by its Shantigram model

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