Realty

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

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

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 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 ...

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

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 .

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

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 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

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

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

Industry expects housing supply to increase next year

Indian real estate attracted USD 4.15 billion of private equity (PE) investments this calendar year, up 32 per cent annually, led by higher inflow in the housing segment, according to Knight Frank India. Real estate consultant Knight Frank India on Thursday released a report 'Trends in Private Equity Investment in India 2024'. The consultant reported that the private equity investment in Indian real estate reached USD 4,153 million in the calendar year 2024. The warehousing sector led the way, accounting for 45 per cent of total investments, followed by the residential sector at 28 per cent and the office sector at 26 per cent. During 2024, PE investments more than doubled in the residential sector to USD 1,177 million, demonstrating investor confidence in this segment which has been noting a consistent rise in end-user demand. Warehousing assets received USD 1,877 million while the office properties 1,098 million during the current calendar year. Shishir Baijal, Chairman & ...

Between January and September 2024, homes worth Rs 3.8 trillion were sold across the top seven Indian cities

Raymond Realty CEO Harmohan Sahni said the firm had six projects with three more estimated to be launched next year

A solid launch pipeline lays the groundwork to close the cracks of H1FY25

Real estate developer DRA Homes has set an ambitious target of generating Rs 1,000 crore in revenue by the financial year 2026-27, the company said on Sunday. DRA Homes plans to expand into the Pune market as part of its three-year growth strategy while strengthening its presence in Bengaluru. The company has also roped in popular actor Rashmika Mandanna as its national brand ambassador to fuel its growth plans. DRA Homes reported revenues of Rs 300 crore in FY2023-24 and is projected to achieve Rs 500 crore in FY2024-25. DRA unveiled its strategic growth plan to achieve Rs 1,000 crore in revenue by FY2026-27. On track to achieve Rs 500 crore in revenue for FY2024-25, the company plans to drive its growth over the next three years by entering the Pune market and expanding its presence in Bengaluru by the next financial year, according to a statement released on Sunday. Additionally, DRA Homes plans to strengthen its presence in Chennai by adding 2.7 million square feet of space ..

Realty firm Signature Global is targeting to deliver 16 million square feet area to its customers by March 2026, helping the company recognise around Rs 10,000 crore revenue in the books of accounts. Signature Global is one of the leading real estate companies in the country. It has a significant presence in Gurugram. In an interview with PTI, Signature Global Chairman Pradeep Aggarwal said the company had given a guidance of Rs 3,800 crore worth revenue recognition in the current fiscal year. Out of this, he said the company has already booked revenue worth Rs 1,200 crore in the first half of this fiscal. He exuded confidence that the Rs 3,800 crore guidance would be easily achieved. "We are targeting to deliver around 16 million square feet area to customers by end of the next 2025-26 fiscal," he said, adding the company is investing a lot on construction activities. These 16 million square feet area covers 25 real estate projects, mostly housing. Aggarwal said the completion o

Ajmera Realty & Infra India Ltd on Thursday said it has repaid Rs 100 crore of its corporate debt and accordingly the outstanding debt has been reduced to Rs 693 crore. The Mumbai-based company in a regulatory filing said it has "repaid Rs 100 crore of its corporate debt. The repayment is facilitated from the funds raised through the recent equity offering of Rs 225 crore." The debt reduction ahead of its scheduled due date is expected to help the company post better returns on grounds of lower interest payments on existing debt, the company said. "Outstanding debt has been reduced from Rs 793 crore (as per 2QFY25) to Rs 693 crore," Ajmera Realty said. The company plans to use the equity funds to accelerate its momentum for project launches, and to further strengthen its corporate functionalities. "This is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce the ...

Realty firm Signature Global Ltd is likely to exceed its sales bookings target of Rs 10,000 crore on strong housing demand in Gurugram property market, its Chairman Pradeep Aggarwal said. In an interview with PTI, he highlighted that the company has achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal. "We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We were among few listed real estate developers to set such a big target," Aggarwal said. Considering the strong performance in the first six months, he said, "We are quite hopeful of over-achieving of our annual guidance." There is a strong launch pipeline for the second half of this fiscal, he said, adding the inventories in new as well as existing projects would help in achieving the taret comfortably. Signature Global's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the correspondin