Page 3 - Realty

Raymond Realty share price hits 5% upper circuit after listing weak on BSE

On the National Stock Exchange (NSE), too, Raymond Realty shares listed weak, debuting at ₹1,000 as against its discovered price of ₹1,039.30

Raymond Realty eyes 30% rise in FY26 sales on robust housing demand

Raymond Realty is targeting a 30 per cent increase in its sales bookings this fiscal year to Rs 3,000 crore on strong launch pipeline of residential projects and robust demand. Raymond Realty, which is getting listed on stock exchanges on July 1 after demerger from Raymond Ltd, will launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 crore. In an interview with PTI, Raymond Realty CEO Harmohan Sahni said housing demand continues to be strong, especially for reputed real estate developers. About sales bookings guidance for 2025-26, he said, "We are targeting Rs 3,000 crore pre-sales for the current fiscal year." Sahni said the company believes in keeping conservative target and over-achieving. Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal year as against Rs 2,268 crore in the preceding year. Raymond Realty's reve

DLF targets ₹2,500 crore sales from new housing project in Mumbai

India's largest realty firm DLF Ltd is set to enter the Mumbai housing market as it plans to launch a luxury housing project in the city worth about Rs 2,500 crore in the next two weeks. DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market. According to sources, the company has got all regulatory approvals to launch this project, which will be developed in partnership with Delhi-based Trident Realty. DLF has received RERA approval for its first premium residential project in Mumbai. The project, located in the suburb of Andheri, is expected to be launched within the next two weeks, they said. In the first phase, the company will develop 416 units in four towers. DLF plans to sell these apartments in a price range of Rs 5-7 crore per unit. The spokesperson declined to comment. Earlier this month, the company launched and completely sold the DLF Privana North housing project in Gurugra

Raymond Realty eyes 20% Ebitda growth in FY26 ahead of July listing

Spun off from Raymond, the real estate arm expects 20 per cent Ebitda growth and 20-25 per cent bookings rise in FY26 as it prepares for listing in early July

Debt recovery in stressed realty assets to improve to 38% in FY26: Crisil

These projects have benefited from strategic debt restructuring facilitated by Asset Reconstruction Companies (ARCs)

Increased fresh order inflows key to the growth of construction companies

Some of the key award recipients in May included DR Agrawal Infracon (₹4,100 crore), Larsen&Toubro (₹ 3,800 crore), NCC (₹2,500 crore) among others

Indian realty companies building up over Rs 15,000 crore IPO pipeline

Robust housing sales growth after the pandemic has prompted leading developers to unleash relevant inventory across markets, experts said

Builders from other regions tap into Mumbai's redevelopment market

Mumbai's policy-level incentives for redevelopment and less capital-intensive nature of the business amid a lack of open land parcels, are attracting developers

DLF to Tata Realty: Real estate majors begin checking in digital ratings

Multinational tenants demand ratings based on digital connectivity, readiness of buildings

Actor Jeetendra, family-owned firms sell Mumbai land for ₹855 crore

2.39-acre Andheri plot, which includes Balaji IT Park, has been sold by Jeetendra Kapoor's family to NTT Global Data Centres & Cloud Infrastructure India

Need to serve all asset classes across MMR: Keystone Realtors CMD

Boman Irani said that the company will launch a senior living project, get into data centers and will divest 3.35 per cent to meet Sebi norms to partially fund capex

Prestige Estates, Valor Group to develop ₹4,500 cr office complex in Mumbai

Realty firm Prestige Estates Projects Ltd has partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. In a regulatory filing on Thursday, Prestige Estates said that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square metres at Andheri West, Mumbai. The project entails a total leasable area of 1.5 million sq ft and a Gross Development Value (GDV) of about Rs 4,500 crore. Both Prestige Estates and Valor will have a 50 per cent economic interest in the project. "The company and Valor Group shall jointly develop approximately 1.50 million sq. ft. leasable area commercial office complex on a 50:50 joint venture basis," Prestige Estates said. The company will infuse Rs 504 crore into the SPV (special purpose vehicle), which will be established to develop this project. Bengaluru-based Prestige Estates is one of the leading

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