Residential Projects

After New York, Gurugram to house second Trump residential project

Gurugram to become first city outside US to have two Trump residential projects

HDFC Capital creates ₹1.5K cr platform with Eldeco, aims ₹11K cr revenue

HDFC Capital is the investment manager to four Securities and Exchange Board of India-registered Category II alternative investment funds

Mahindra Lifespaces to redevelop two societies in Mumbai's Lokhandwala

The project will be pursued under the state's cluster redevelopment scheme

Blackstone to acquire 40% stake in Kolte-Patil Developers for Rs 1,166 cr

Kolte-Patil builds residential, commercial projects and has a presence in Pune, Bengaluru and Mumbai

BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project

Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases

Arkade Developers aims for Rs 740 cr from redevelopment project in Mumbai

Real estate company Arkade Developers on Wednesday said it has bagged redevelopment rights for a co-operative housing society in Mumbai and it is expecting Rs 740 crore revenue from this upcoming residential project. In a regulatory filing, the company informed that it has "secured the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, marking another milestone in its strategic expansion across Mumbai's prime micro-markets." The project, spanning 6,858.90 square metres, is expected to generate a Gross Development Value (GDV) of about Rs 740 crore. The total saleable RERA carpet area is 2.33 lakh square feet. Upon completion, the project will offer 408 homes, out of which about 215 units will be available for sale, further expanding its residential and commercial footprint. Amit Jain, Chairman and Managing Director of Arkade Developers, said, "Aligned with our broader vision, we aim to capitalise on high-growth micro-markets through redevelopment, .

US new home sales exceed expectations; rising supply curbs price growth

Residential investment, which includes homebuilding and sales, likely rebounded in the fourth quarter after being a drag on gross domestic product for two straight quarters

Developers plan record 253 mn sq ft housing supply amid robust demand

Notably, only 23 per cent of the planned supply (about 57.15 million square feet) was launched in the first half of FY2025

Mumbai, Delhi rank among top 5 APAC mkts for prime residential price growth

Mumbai recorded an 11.5 per cent YoY increase in luxury property prices in Q3 2024, ranking as the 14th most expensive APAC prime residential market

APAC investors invested $1.3 bn in Indian real estate between Jan-Sep 2024

Indian real estate received institutional investments of $4.7 billion between January and September 2024

80% developers expect increase in housing demand from NRIs in 2024: Report

Overall housing demand in country to increase by up to 25%, it says

Mumbai, Delhi luxury home prices rise over 11% in 2024; Bengaluru drops

Mumbai recorded the third-highest Y-o-Y growth in prime residential prices globally

SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida

Realty firm SKA Group on Wednesday said it will invest nearly Rs 600 crore to develop a premium housing project in Greater Noida as part of its expansion plan. The company has so far completed four housing projects comprising 3,200 units, while two residential projects are under construction totalling 1,800 units. It is also developing a commercial project comprising 600 units. These projects are in the Noida, Greater Noida and Ghaziabad markets of Uttar Pradesh. "We have launched a new housing project 'SKA Destiny One' in Greater Noida. The project spread over 6 acres will have 645 units," SKA Group Director Sanjay Sharma told reporters here. The price ranges between Rs 1.5 crore and Rs 3 crore per apartment. The company had bought this land from Greater Noida development authority and the entire land price has been paid. The total saleable area is nearly 14 lakh square feet. Sharma said the total project cost, including land and construction, would be Rs 592 crore. The project w

'Godrej Properties to beat FY24 guidance, sale bookings to hit Rs 18k cr'

Godrej Properties' sale bookings are likely to rise 50 per cent annually to over Rs 18,000 crore this fiscal year, beating the annual guidance on strong demand for its residential projects. In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company is hopeful of selling properties of more than Rs 5,000 crore during January-March period of this fiscal year, repeating the performance of the previous two quarters. The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal. "We have crossed last year bookings number already in the first nine months of this fiscal and expect to go well past our full-year guidance. Overall we are happy with what is going from an operational perspective and hoping for a strong end to this fiscal year," said Pirojsha. "We have done Rs 5,000 crore plus sales bookings in the last two quarters. We hope to do that again in the fourth ...

Prestige Estates expects Rs 550 cr from new housing project in Bengaluru

Realty firm Prestige Estates Projects Ltd expects Rs 550 crore revenue from its new residential project in Bengaluru. The company has launched a new housing project, 'Prestige Glenbrook' in the heart of Whitefield, Bengaluru's IT hub. "The development comprises 285 apartments across two high-rise towers with a developable area of 0.7 million square feet and has a revenue potential of Rs 550 crore," Prestige said in a regulatory filing on Thursday. Prestige Estates expects its sale bookings to rise 55 per cent this fiscal to touch an all-time high of Rs 20,000 crore on strong demand for residential properties. Its sale bookings stood at Rs 12,931 crore in 202223. "We have done pre-sales of around Rs 11,000 crore in the first two quarters. We had guided around Rs 16,000 crore (for the entire 2023-24). But having done Rs 11,000 crore of sales in the first six months, the team is very confident. Once all the approvals come and launches happen, we should cross Rs 20,000 crore," Prestig

China's homes register steep decline in prices, major blow to sentiment

New-home prices in 70 cities, excluding state-subsidized housing, declined 0.3% last month from August, when they slipped 0.29%, National Bureau of Statistics figures showed Thursday

Tata Housing to launch Rs 16,000-cr projects in next 2-3 years: Sanjay Dutt

Tata Housing will launch 10 million square feet of residential projects over the next 2-3 years with an estimated revenue of Rs 16,000 crore to encash strong consumer demand, a top company official said. In an interview with PTI, Tata Realty and Infrastructure Ltd MD & CEO Sanjay Dutt sounded very bullish about the growth potential in India's housing market and said the company would be launching several projects to tap this rise in demand. "We are launching 10 million square feet residential projects across various cities with a topline of roughly Rs 16,000 crore." Tata Realty and Infrastructure Ltd (TRIL) is a 100 per cent subsidiary of Tata Sons. Tata Housing is part of TRIL. Elaborating on the launch pipeline, Dutt said majority of these projects will be in Delhi-NCR, Mumbai Metropolitan Region (MMR) and Bengaluru. Tata Housing will launch projects in other Indian cities as well and will also come up with its second project in Male, Maldives. "Most of these projects will be .

L&T Construction wins orders for power transmission & distribution business

Orders to establish two new 132kV substations have been received from a public services infrastructure company in Dubai

Banks asked to push stuck home projects worth more than Rs 3 trillion

In 2019, the Centre had set up the SWAMIH fund to facilitate the completion of stalled housing projects

Tata Housing net sales bookings rise 40% in FY23 on strong demand

Tata Housing, a subsidiary of Tata Sons, on Wednesday said its net sales bookings grew by 40 per cent during the last fiscal year on a strong demand for residential properties in its projects. The company did not disclose the sales bookings value for the 2022-23 fiscal. In a statement, Tata Housing said it has achieved the highest-ever annual residential sales. "Owing to positive consumer sentiments and a strong business proposition, Tata Housing witnessed an exponential demand from North, West, South & East markets...," the company said in a statement. Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure Ltd, said, "We have a strong foothold in the realty market and are actively capitalising on the latest consumer sentiments." "Trends like the rise in millennial home-buying sentiments as well as the surge in NRIs and HNIs investing in the residential segment have allowed us to leverage our diverse portfolio offering homes with an array of residential solutions to a wide