Page 50 - Real Estate

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

ATS Homekraft sells 400 plots for ₹1,200 cr in Yamuna Expressway project

Real estate company ATS Homekraft has sold around 400 residential plots for more than Rs 1,200 crore in its new project on Yamuna Expressway on strong consumer demand. The company will develop a 63-acre plotted development project, 'Province D Olympia' on Yamuna Expressway, near the upcoming Noida International airport in Jewar, Uttar Pradesh. "We have launched first phase of a 63-acre project comprising around 400 plots. We received a tremendous response from the customers and all plots have been sold out," ATS Group MD Udaivir Anand said. The company received expression of interests (EOIs) from around 1,000 customers, he added. "The total sale bookings value for the first phase is Rs 1,200 crore," Anand said. He said the plots were sold in a price range of Rs 2-4 crore. Anand said the company would launch the second phase comprising around 200 plots at a later stage. This project is part of a large 100-acre township, with 35 per cent of green area. In this township, ATS has a

Office supply down 1% across top 7 cities despite rise in demand: Colliers

New supply of office space declined 1 per cent in the January-March period to 99 lakh sq ft across seven major cities despite high demand, according to Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft. Delhi-NCR saw a more than five-fold jump in new supply to 27 lakh sq ft from 5 lakh sq ft. Hyderabad witnessed a 88 per cent decline in new supply to 3 lakh sq ft from 26 lakh sq ft. In Kolkata, new office supply dipped 50 per cent to 1 lakh sq ft from 2 lakh sq ft. New supply of office space in Mumbai declined 60 per cent to 4 lakh sq ft from 10 lakh sq ft. In Pune, the new supply of office space jumped 2.5 times to 25 lakh sq ft in January-March this year from 10 lakh sq ft in the corresponding period of the .

Ashiana Amarah Creating a New Paradigm for Kid-Centric Homes and Lifestyle in Gurugram

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Love at first sale? 31 men tricked by 'girlfriend' estate agents in China

31 men in China thought they had found love, only to realise their 'girlfriends' were estate agents using romance to close property deals

Brigade Group inks pact for Rs 300 cr luxury housing project in Mysuru

The land parcel spans 5 acres and 12 guntas. The project will offer 0.45 million square feet of planned residential space

Zydus Family Trust buys Rs 200 cr luxury flat in Worli's Oberoi 360 West

Located on the 61st floor, Tower A (Flat No. 61), the apartment spans 17,384 sq. ft. of usable area and includes eight car parking spaces. The transaction was accompanied by a stamp duty of Rs 7,04,14

Despite market volatility, corporate fundraising at record high in FY25

Public equity fundraising stood at Rs 3.71 trillion in FY25, marking a 92 per cent rise from Rs 1.9 trillion in FY24

Office space leasing up 15% in Jan-Mar across 7 major cities: Colliers

Office space leasing rose 15 per cent during January-March period to 159 lakh sq ft across seven major cities on higher demand from domestic and foreign companies, according to Colliers. The gross office leasing stood at 138 lakh sq ft in the year-ago period. Real estate consultant Colliers India on Thursday released the data for the India office market. As per the data, the gross leasing of office space in Bengaluru increased 13 per cent to 45 lakh square feet in the current quarter from 40 lakh square feet in the year-ago period. In Chennai, the gross leasing of workspace surged 93 per cent to 29 lakh square feet from 15 lakh sq ft. Office leasing in Delhi-NCR grew 32 per cent to 33 lakh sq ft from 25 lakh sq ft. Mumbai witnessed 16 per cent growth in office leasing to 22 lakh sq ft from 16 lakh sq ft. In Pune, the office leasing rose 50 per cent to 12 lakh sq ft from 8 lakh sq ft. However, the demand in Hyderabad and Kolkata was low. In Hyderabad, the leasing activities fel

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Bengaluru, Delhi NCR, Pune account for 90% of new office supply in Q1 2025

Strong start to 2025: Office leasing in Q1 rises 15% YoY to 15.9 million square feet across top 7 cities

Birla Estates sells homes worth Rs 3K cr via its Gurugram project

The developer sold about 300 units through the launch of the first phase of its project, Birla Arika, in Gurugram

Atmosphere Realty clears Rs 218 crore debt from Marubeni Corporation

Atmosphere Realty Pvt Ltd has cleared Rs 218-crore debt from Japan's Marubeni Corporation through early redemption of debentures issued by the company. Atmosphere Realty is a joint venture of The Wadhwa Group (50 per cent stake), Man Infra Construction Ltd (30 per cent) and Chandak Realtors Pvt Ltd (20 per cent). In a statement on Wednesday, Atmosphere Realty said it has successfully completed the early redemption of its secured Non-Convertible Debentures (NCDs), much ahead of the scheduled maturity date. The debentures were originally set to mature on December 9, 2030, with a maximum tenor of 10 years. These NCDs were fully redeemed on March 24, 2025. Atmosphere Realty had issued 2,179 debentures at a face value of Rs 10 lakh each aggregating to Rs 217.9 crore on December 9, 2020. These NCDs were acquired by Marubeni Corporation. The early redemption was possible from healthy sales and internal accruals driven by the success of 'Atmosphere O2', a premium gated-community project .

Godrej Properties acquires CIDCO land in Navi Mumbai for Rs 717 crore

Earlier, in October 2024, the company had emerged as the highest bidder for these plots with a revenue potential of Rs 3,500 crore

DLF acquires nearly 50% stake in DLF Urban from GIC for Rs 497 crore

Real estate major DLF has acquired nearly 50 per cent stake in its arm DLF Urban Pvt Ltd from Singapore-based GIC for Rs 497 crore. With this deal, DLF will have 100 per cent stake in DLF Urban Pvt Ltd, which has already completed a luxury housing project in the national capital. DLF's wholly-owned subsidiary DLF Home Developers Ltd (DHDL) has "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Ltd in DLF Urban Pvt Ltd, a subsidiary of DHDL." Reco Greens Pte Ltd is a subsidiary of Singapore sovereign wealth GIC. A Securities Purchase Agreement was executed on March 25, 2025 amongst DHDL, Reco and DLF Urban Pvt Ltd (DUPL), DLF said in a regulatory filing on Tuesday. Post this acquisition, the holding of DHDL in the share capital of DUPL has increased from 50.003 per cent to 100 per cent. Consequently, DUPL has become a wholly-owned subsidiary of DHDL and also of DLF Ltd. The cost of acquisition stood a

Landmark deal: CitiCorp leases office in Pune for Rs 1,096 cr for 10 years

The office space was leased through three separate transactions, each covering different floors across the building.

DLF acquires 49.99% stake in DLF Urban from GIC arm for Rs 497 crore

Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore's Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national capital. Reco Greens is an affiliated company of Singapore's sovereign wealth firm GIC. In a regulatory filing on Tuesday, DLF informed that its subsidiary DLF Home Developers had "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Limited in DLF Urban Private Limited, a subsidiary of DHDL (DLF Home Developers)". A securities purchase agreement was executed on March 25 among DLF Home Developers, Reco Greens and DLF Urban. Post this acquisition, the holding of DLF Home Developers in share capital of DLF Urban has increased from 50.003 per cent to 100 per cent. Consequently, DLF Urban has become a wholly-owned subsidiary of DLF Home Develope

Cricketer Suryakumar Yadav, wife buy 2 luxury flats in Mumbai for Rs 21 cr

The apartments are located in Godrej Sky Terraces, a residential project developed by Godrej, spanning 1.05 acres and offering 3 BHK and 4 BHK configurations, as per RERA.