Page 6 - Real Estate

Vedanta forays into real estate sector to unlock value from surplus land

Vedanta Ltd on Wednesday said it has incorporated a wholly-owned company Vedanta Property Platforms Ltd (VPPL) to foray into real estate sector. VPPL will serve as a strategic vehicle for Vedanta's real estate business and related activities. The move is aimed at monetising surplus land and non-core property assets and creating a dedicated structure for potential joint ventures and asset-light initiatives to fund expansion in its core metals and energy businesses. In a filing to BSE, the company said VPPL was incorporated in Mumbai, Maharashtra, on June 22. The subsidiary will serve as a strategic platform for undertaking real estate business and ancillary activities. It has an authorised capital of Rs 1 lakh, comprising 1 lakh equity shares of Rs 1 each. Its subscribed capital also stands at Rs 1 lakh. Vedanta has subscribed to 100 per cent of the equity share capital of the company through a cash consideration of Rs 1 lakh, making VPPL a wholly-owned arm. As the company has bee

India's 28 big listed realty firms clock ₹1.95 trn pre-sales in FY26

India's 28 big listed real estate companies sold properties worth Rs 1.95 lakh crore last fiscal on strong housing demand with Godrej Properties clocking the highest sales bookings. According to the data compiled from investor presentations, the total combined sales bookings or pre-sales of the 28 major listed realtors stood at nearly Rs 1.95 lakh crore during 2025-26 financial year, up 17 per cent from over Rs 1.66 lakh crore in the preceding fiscal. Godrej Properties, which has a presence across major cities, retained the position of largest listed realty firm in terms of sales bookings in FY26. Bengaluru-based Prestige Estates Projects Ltd jumped to second position, followed by Mumbai-based Lodha Developers Ltd. DLF Ltd, India's largest realty firm in terms of market cap, stood at fourth position while Signature Global Ltd remained at fifth position. Among these 28 players, only six players witnessed a drop in sales bookings during the 2025-26 fiscal. According to property ...

Square Yards raises $95 million, plans $50 million more before IPO

Proptech firm secures $95 million through debt and equity and is targeting another $50-60 million as it strengthens its balance sheet ahead of a public listing

National developers expand footprint in Delhi-NCR housing market

Share of national developers in Delhi-NCR's residential supply has risen from 3 per cent in 2022 to over 13 per cent, driven by premium housing demand and infrastructure growth

Real estate platform Square Yards raises ₹900 crore, becomes unicorn

Real estate consultant Square Yards on Tuesday said it has raised Rs 900 crore from investors to grow business and refinance debt. In a statement, the company said it has raised Rs 900 crore, comprising a mix of debt and equity. The funding round was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co. Square Yards said the equity fund was raised at a valuation higher than its previous round. Sources said the fund was raised at a valuation of more than USD 1 billion, thereby helping the company to achieve unicorn status. During the last fiscal, Square Yards reported revenue of Rs 2,086 crore, a 48 per cent year-on-year growth. The EBITDA jumped 3.7 times to Rs 176 crore. Square Yards offers integrated services, including property search, transactions, home loans, interiors, and property management. The fund will help fortify its balance sheet while enabling the company to fuel further expansion and strengthen its technologica

Smartworks renews lease for 2.3 lakh sq ft office space in Hyderabad

Co-working and flex-space provider commits Rs 121 crore over five years for Hyderabad office space as it pursues expansion across key urban and Tier-I markets

700 luxury home deals, 53 outstation buyers: Mumbai's new wealth magnet

One in Seven Buyers of Mumbai's ₹25-Crore Homes Comes From Outside Maharashtra

Mahindra Lifespaces eyes ₹45K cr project launches over next 2 years

Mahindra Lifespaces plans ₹45,000 crore worth of project launches over the next two years as it accelerates expansion to achieve ₹10,000 crore annual sales by FY30

Prestige to launch 2 housing projects in Delhi-NCR, eyes ₹7,000 cr revenue

Realty firm Prestige Estates Projects plans to launch two new housing projects in Delhi-NCR this fiscal with an estimated revenue of nearly Rs 7,000 crore as part of its expansion plan. In April last year, Bengaluru-based Prestige Group launched its first housing project in Delhi-NCR with a total revenue potential of around Rs 12,000 crore. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We are quite bullish on the Delhi-NCR market. We did sales bookings of around Rs 10,000 crore in the NCR market during the last fiscal". He said the company would launch two new housing projects in Delhi-NCR this fiscal, one each in Noida and Gurugram. The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at Rs 6,800 crore, as per the company's latest investor presentation. "Debuted in the residential NCR market with 'Prestige City Indirapuram', which met a resounding response and clocked over Rs 9,500

Mahindra Lifespaces acquires 15-acre MMR land parcel with ₹5,600 cr GDV

The Mahindra Group firm plans a residential project in Kandivali East with a development potential of 1.8 million sq ft and an estimated GDV of ₹5,600 crore

Namo Cities: Delhi's decongestion dream faces the test of execution

Experts flag coordination gaps as Centre bets on transit-led satellite hubs

GenAI may add $14-17 bn to real estate GVA over next seven years: Report

Generative AI could lift real estate GVA by $14-17 billion in seven years, improving sales velocity, project launches, productivity and decision-making, says EY-Parthenon-Credai report

Water-supply curbs threaten Mumbai's burgeoning real-estate pipeline

BMC's construction water curbs raise concerns over project delays, rising costs and labour disruptions, though developers remain divided on the scale of the impact

Target India signs ₹1,250-crore Bengaluru office lease for GCC expansion

The retailer's India arm has leased 8.3 lakh sq ft at Embassy Manyata Business Park, reinforcing Bengaluru's position as the leading hub for GCC-led office demand

Tulip Infratech plans ₹6,000 crore investment in Gurugram luxury housing

Developer launches Rs 1,100-crore Tulip Melrose project on Southern Peripheral Road as part of a larger luxury housing expansion plan

From Rs 1.9 cr to Rs 2.6 cr: Kalki Koechlin's Mumbai property bet pays off

Kalki Koechlin Exits Mumbai Property Investment After a Decade, Bags Rs 60 Lakh Gain

JSW Realty seeks ₹1,600 crore loan from Tata Capital for Mumbai project

The developer is seeking the five-year loan to fund an office project near Mumbai's Bandra business district

Explained: Why ED attached Rs 1,617 cr of assets lnked to Raheja Developers

The Enforcement Directorate has now attached assets worth over Rs 1,600 crore in a money-laundering probe involving Raheja Developers.

Kriti Sanon, family sell 4 Andheri flats for Rs 9 cr, bag Rs 4.6 cr profit

Kriti Sanon Family's Mumbai Realty Investment Delivers 107% Appreciation

Mumbai's redevelopment pipeline could unlock homes worth ₹1.5 trn by 2031

Knight Frank India estimates Mumbai's redevelopment pipeline could generate nearly 59,000 new homes worth around ₹1.5 trillion by 2031, with suburban markets leading activity