Page 3 - Realty

Signature Global aims 21.5% rise in sales bookings in FY26 on strong demand

Realty firm Signature Global is targeting 21.5 per cent increase in its sales bookings to Rs 12,500 crore for the current fiscal as it plans to launch multiple housing projects to encash strong housing demand. According to an investor's presentation, the Gurugram-based company has provided guidance for sales bookings or pre-sales at Rs 12,500 crore for the 2025-26 fiscal. "The company plans to grow sales at 20 per cent in FY26 over FY25 and aims to consistently maintain this growth over the long term," Signature Global said. The company's sales bookings rose 42 per cent to a record Rs 10,290 crore in the 2024-25 fiscal. Signature Global on Thursday reported a 48 per cent increase in its consolidated net profit to Rs 61.12 crore for the latest quarter ended March. Its net profit stood at Rs 41.25 crore in the year-ago period. Total income declined to Rs 570.43 crore in the fourth quarter of the last fiscal from Rs 722.73 crore in the year-ago period. During the 2024-25 fiscal, ..

Lodha Ventures rebrands as Abhinandan Ventures, gives up original trademark

Abhinandan Lodha-led Lodha Ventures has been renamed Abhinandan Ventures in a move the company says reflects its future-focused identity and not linked to family dispute

Ajmera Realty Q4 results: PAT falls 18% to ₹24 cr, revenue down 34%

Ajmera Realty reports a weak March quarter with 34% drop in revenue and 18% fall in PAT, but full-year FY25 profit rises 22% to ₹126 crore on operational strength

Smartworld, Tribeca sell 298 homes for ₹3,250 cr in 'Trump-branded' project

Realty firms Smartworld Developers and Tribeca Developers have sold all 298 units in the 'Trump' branded ultra-luxury residential project in Gurugram for Rs 3,250 crore, reflecting a strong demand for premium homes in the Delhi-NCR market. In a statement on Tuesday, Smartworlds and Tribeca announced "complete sell-out of Trump Residences Gurgaon on launch day", clocking sales of Rs 3,250 crore. "Priced between Rs 8 crore and Rs 15 crore per unit, the development's 298 homes were absorbed in record time - a testament to the surging demand for branded, ultra-luxury living in India," the statement said. This landmark collaboration between Smartworld, Tribeca, and The Trump Organization comprises two 51-storey towers. Smartworld will oversee development, construction, and customer service, while Tribeca leads design, marketing, sales, and quality control. Pankaj Bansal, Founder of Smartworld Developers, said: "The phenomenal response to Trump Residences is a testament to the aspiratio

India-Pakistan tensions: Uneasy calm on border slows housing pulse

Industry executives and sector observers say developers' strategies will largely depend on demand

Sunteck Realty Q4FY25 results: Net profit declines by 50% to ₹50.4 crore

Sunteck Realty reports 50% YoY fall in Q4 net profit to ₹50.4 crore even as FY25 net profit more than doubles; announces ₹1.5 per share final dividend

Anmol Jaggi-linked company bought luxe apartment in DLF Magnolias

Anvi Power Investments, a company in which Anmol Jaggi is a director, bought a ₹32 crore apartment at The Magnolias, an uber-luxury project in Gurugram and also of DLF

Big builders likely to tighten grip as realty mkt consolidates around them

Homebuyers prefer grade-A builders, delivery of homes key accountability factor

Realty sector welcomes Supreme Court's order on builder-bank nexus

The court found a prima facie nexus between renowned banks and builders in the execution of projects in Noida, Greater Noida, Yamuna Expressway, Gurugram, and Ghaziabad

Supreme Universal registers ₹174 cr txn for its ultra-luxury property

"We understand the ultra-luxury segment deeply - from refined design sensibilities to what today's discerning customer truly desires," said Sunny Bijlani, joint managing director, Supreme Universal

Bhartiya Urban plans to launch over 5K apartments under Nikoo Homes brand

The luxury homes will host premium amenities, including a swimming pool, fitness centre, among others

Mahindra Lifespaces Q4 results: Net profit grows 19% to Rs 85 crore

The company's pre-sales for the quarter stood at Rs 1,055 crore, down by 2.9 per cent Y-o-Y

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

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

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.