Realty

Kolte-Patil Developers posts sales of ₹631 crore in Q4 FY25, down 15%

The company's collections for Q4 FY25, however, grew by 19 per cent Y-o-Y and 24 per cent Q-o-Q to ₹704 crore

W S Habib takes over as CREDAI Tamil Nadu president for 2025-27 term

Chairman and Managing Director of city-based real estate company RWD (Ramky Wavoo Developers) Private Limited, W S Habib, has assumed office as President of CREDAI Tamil Nadu for the 20252027 term, the real estate body said. At an investiture ceremony held in the city recently, in the presence of Tamil Nadu Minister for Hindu Religious and Charitable Endowments P K Sekar Babu and Director of Town and Country Planning B Ganesan, Habib formally took charge as President of the Confederation of Real Estate Developers' Associations of India (CREDAI) Tamil Nadu Council. The new office-bearers of CREDAI Tamil Nadu include V Gopinath as Vice-President, S Srikumar as Secretary, V Sathasivam as Joint Secretary, and P R Jai Prakash as Treasurer, a release from CREDAI said on Sunday. Upon taking over as President, Habib said, "Real estate is not just a business vertical; it is the bedrock of employment, infrastructure, and economic resilience. Our sector contributes significantly to Tamil Nadu'

Ajmera Realty clocks pre-sales worth Rs 1,080 crore in FY25, up 6%

Across FY25, the company launched projects including Ajmera Vihara, Ajmera Iris, and Ajmera Marina

Realty sector slowdown: Recalibration of launch pipelines in the works

Real estate analysts and research firms have reported the first quarter in 2025 seeing fewer sales than previous years, largely due to rise in home prices

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

Hero Realty appoints Rohit Kishore as its new Chief Executive Officer

Real estate company Hero Realty has appointed Rohit Kishore as its new Chief Executive Officer (CEO). Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday. Kishore joins Hero Realty from Eldeco Properties, where he served as the CEO. Before Eldeco, he worked in many real estate companies, including Lotus Greens Developers, MARS Development, M3M India, and Bharti Realty. Hero Realty has successfully delivered projects in Ludhiana, Mohali and Haridwar. In December 2018, Hero Realty announced its foray into the Delhi-NCR property market with an investment of about Rs 900 crore to develop a premium housing project. Hero Realty is currently developing a few projects in Delhi-NCR.

Mumbai's iconic Laxmi Nivas bungalow gets new owner; sold for Rs 276 cr

Built by a Parsi family from Old Bombay in 1904, the colonial bungalow was sold to the Upendra Trikamdas Kapadia family in 1917 and has been their home for over three generations

MICL launches Avaan Tower 2, pegs success on tallest tower in country

Manan Shah, MD at MICL, said that the project will offer 3, 4, and 5 BHK ultra-luxury residences, ranging from 1,300 to 3,282 sq ft carpet area, priced between Rs 24 crore and Rs 35 crore

Panchshil Realty affiliate buys land parcels worth Rs 615 cr in Navi Mumbai

Gramercy Info Park Private Limited is located in Pune and was incorporated in 2022

Wide-ranging home choices await couples starting their life together

With younger buyers seeking more than just lavish homes, developers are curating the kind of homes they desire

Signature Global Q3 results: Net debt drops 29% to Rs 720 cr on high sales

Realty firm Signature Global has reduced its net debt by 29 per cent in the October-December quarter to Rs 720 crore on strong pre-sales and collections from customers. The net debt of Signature Global stood at Rs 1,020 crore at the end of the second quarter of this fiscal year. In its latest operational update, Signature Global mentioned that the net debt has come down 38 per cent to Rs 720 crore as on December 31, 2024 from Rs 1,160 crore at the end of the 2023-24 financial year. The company's collection of funds from customers has risen 54 per cent to Rs 3,210 crore in the first nine months of this fiscal from Rs 2,090 crore in the corresponding period of the preceding year. Signature Global sold properties worth Rs 8,670 crore during April-December period of this fiscal, registering a sharp rise from Rs 3,120 crore in the year-ago period. Average pre-sales realisation for April-December period of 2024-25 increased to Rs 12,565 per square feet compared to Rs 11,762 per square f

India ranks third globally for LEED green building certification in 2024

India ranks third in USGBC's LEED green building certification globally during 2024, according to a report. India retained its third spot on US Green Building Council's (USGBC) annual list of top 10 countries and regions for LEED (Leadership in Energy and Environmental Design) in 2024, according to an statement on Thursday. LEED certifications in India are managed by the Green Business Certification Inc. (GBCI), which works to accelerate the adoption of green buildings nationwide. The annual ranking by USGBC highlights the significant progress made by countries and regions outside the United States in adopting healthy, sustainable and resilient building design, construction and operations. China topped the top 10 rankings for 2024 with over 25 million GSM certified followed by Canada with 10 million GSM. In India, as many as 370 projects, across both buildings and spaces, were certified for LEED, covering 8.50 million gross square meters (GSM) (91.5 million square ...

Raymond Realty Q3FY25 results: Revenue grows 11% to Rs 487.8 crore

The company's Ebitda stood at Rs 116 crore, up 19.6 per cent YoY

Macrotech Developers cuts Q3 debt by 12% to Rs 4,320 cr on better sales: MD

Realty firm Macrotech Developers has reduced its net debt by 12 per cent in the December quarter to Rs 4,320 crore on better internal cash flows, as the company achieved strong pre-sales, its MD Abhishek Lodha said. Net debt of Macrotech Developers, which markets its properties under the Lodha brand, stood at Rs 4,930 crore at the end of the September quarter of this fiscal. In an interview with PTI, Lodha highlighted that the company's performance during the latest December quarter has been "robust" and hoped to end the fiscal year on a strong note. "It was our strongest-ever quarter (October-December 2024) in terms of pre-sales. It was a best-ever quarter in terms of collections (of funds from customers). We had a strong underlying profitability. Our embedded EBITDA was about 35 per cent well above our guidance at the start of the year of averaging about 30 per cent. That number is 34 per cent YTD (year-to-date)," Lodha said. He further said that the company has added many land .

Statsguru: Commercial realty sees growing demand amid limited supply

Office space supply reduced 9.35 per cent year-on-year in 2024, while the demand increased by 21.9 per cent

Realtors seek stamp duty cuts, revised home loan limits in Budget

The year 2024 has seen a slowdown in real estate due to general and state elections, with housing sales in the top seven cities declining by 4 per cent

Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand

Keystone Realtors Ltd on Thursday reported a 40 per cent growth in sale bookings to Rs 863 crore in the December quarter on robust housing demand. Keystone Realtors markets its properties under Rustomjee brand. In a regulatory filing, the company informed that its pre-sales or sale bookings stood at Rs 863 crore during the third quarter of this fiscal from Rs 616 crore in the corresponding period of the preceding year. During the April-December period of this fiscal, the pre-sales increased to Rs 2,174 crore against Rs 1,423 crore in the year-ago period. "In the third quarter of 2024-25, we saw impressive growth across key business indicators," Boman Irani, Chairman and Managing Director of Keystone Realtors, said. He said the company has almost achieved the pre-sales of 2023-24 in just 3 quarters of this fiscal, "putting us in a strong position to achieve the full year pre-sales guidance given by us". Irani expressed confidence that the company is well-positioned to not only sec

Sobha's sale bookings fall 29% annually in Oct-Dec, rise 18% sequentially

Real estate developer Sobha Ltd's sale bookings fell 29 per cent to Rs 1,388.6 crore in the quarter ended December mainly due to lesser new supply and high base effect. Its sale bookings stood at Rs 1,951.6 crore in the year-ago period. Sale bookings or pre-sale, however, increased during October-December period from the previous quarter at Rs 1,178.5 crore, according to a regulatory filing. During April-December period of 2024-25 fiscal, the Sobha Ltd's sale bookings declined to Rs 4,440.8 crore from Rs 5,140.1 crore in the corresponding period of the preceding financial year. During the entire 2023-24 fiscal, the company had sold properties worth Rs 6,644.1 crore, largely residential units. "Q3-FY25, Sobha recorded sales value of Rs 13.88 billion (1,388 crore) supported by new sales area of 1.01 million (10 lakh) sq ft at an average price realisation of Rs 13,663 per sq ft. Sales value recorded growth of 17.8 per cent compared to the previous quarter." For the first 9 months i

Residential and commercial sectors to stand as pillars of resilience

Growth is expected to be stable on the supply side as well. With a stable outlook for both demand and supply, the year-to-sales indicator for inventory will continue to remain favourable

Sales to investments: Win some, lose some for real estate in 2024

Industry expects housing supply to increase next year