Housing Project

Brigade Group to invest about Rs 4,500 crore in Hyderabad project

Realty firm Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop an integrated 10-acre housing and commercial project in Hyderabad to expand the business to encash strong demand for luxury homes and premium office-retail spaces. Bengaluru-based Brigade Enterprises launched its new mixed-use project 'Brigade Gateway' on Wednesday at Neopolis Kokapet, Hyderabad. "We will develop a 45 lakh square feet mixed-use project in Hyderabad, of which around 25 lakh square feet will be luxury homes," the company's Executive Director Amar Mysore told PTI. Asked about project cost, he said the total investment in land and construction will be around Rs 4,500 crore. The investments will be met through equity, collections from customers against sales and construction finance. Elaborating on the project, Mysore said the company will build 600 flats in this project. Initially, it plans to sell half of it in a price range of Rs 4 crore to Rs 12 crore each. The company will also devel

PM Modi inaugurates Swabhiman Apartments in Delhi: Check all details here

Prime Minister Narendra Modi will inaugurate 1,675 newly constructed flats in Delhi's Ashok Vihar, specifically designed for eligible beneficiaries from slum areas

Worldwide Realty to invest Rs 320 cr on 22 acre housing project in Haryana

Real estate firm Worldwide Realty will invest around Rs 320 crore to develop a 22-acre housing project in Manesar, Haryana. The Gurugram-based company is developing the Golden Residences project under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme of the Haryana government. "In this 22-acre project, we have already sold some housing plots. Now, we are launching 400 independent floors for sale," said Vikas Aggarwal, Chief Operating Officer of Worldwide Realty Pvt Ltd. The company will be launching more independent floors in the next phase. Asked about the total investment of the entire 22-acre project, Aggarwal said the construction cost will be around Rs 320 crore. The company owns the land parcel historically. "We have launched independent floors at a starting price of Rs 1.7 crore each," Aggarwal said. The company has already developed the infrastructure under this project, which is part of a large 180-acre integrated township The Golden City. Out of this 180-acre land

NCLAT appoints NBCC as consultant to complete Supertech's housing projects

State-owned NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers. In a regulatory filing on Thursday, the company informed that the National Company Law Appellate Tribunal (NCLAT), vide its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd". NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata. "The tentative construction cost of the project is approx Rs 9,445 crore, including 3 per cent contingency. The consultancy fee has been fixed as 8 per cent, including 1 per cent marketing fee," NBCC said. The public sector company is mainly into project management consultancy (PMC) and real estate business. NBCC is already completing stalled projects of Amrapali Group on the order of

Signature Global awards Rs 1,203 cr Gurugram project to Capacit'e Infra

Realty firm Signature Global has awarded a Rs 1,203 crore contract to Capacit'e Infraprojects Ltd to construct its housing project in Gurugram. In a statement on Sunday, Signature Global said it has awarded the construction contract for its premium residential project 'Titanium SPR' at Sector 71, Gurugram. "The contract worth Rs 1,203 crore has been entrusted to the renowned construction company Capacit'e Infraprojects," it added. Spanning 14.382 acres, this project has a total of 608 units. The company will develop this project in two phases. Out of the total sales potential area of 3.7 million sq ft in this project, Signature Global launched the first phase, comprising 2.1 million sq ft, in June 2024. Pradeep Aggarwal, Chairman and Whole-Time Director of Signature Global, said, "By partnering with Capacit'e Infraprojects, we are confident that Titanium SPR will emerge as a landmark in the Delhi NCR region". Earlier this month, Signature Global reported a nearly three-fold incr

Kalyani Developers plans to invest Rs 5,300 cr on housing, hotel projects

Bengaluru-based Kalyani Developers plans to invest around Rs 5,300 crore to develop housing and hospitality projects in South India. In a statement on Thursday, the company announced its foray into the residential segment with three projects planned in North Bengaluru, Whitefield and Kanakapura Main Road. The company is also planning a mixed-use development in Hyderabad. "The overall investment for these projects would be around Rs 4,500 crore over the next two years. The company is also planning Rs 800 crore investment in two hotels comprising 300 rooms each in North Bengaluru," it added. "Over the past three decades, we have established a strong reputation in commercial real estate, hospitality, automobiles (with more than 75 showrooms in Bangalore, Mysore, and Hyderabad), and renewable energy...," A Mohan Raju, Managing Director and CEO, Kalyani Developer, said. The residential segment presents a significant opportunity for the company to leverage this legacy and expertise, he

Macrotech acquires 7 land parcels to build Rs 16,600 cr housing projects

Realty firm Macrotech Developers has acquired seven land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru to develop housing projects with an estimated revenue potential of Rs 16,600 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for joint development. In its latest operational update, the company informed that it has added four projects in Pune and Bengaluru, having Rs 5,500 crore of GDV (gross development value). During the first six months of this 2024-25 fiscal, the company has added projects worth Rs 16,600 crore, which is more than 75 per cent of its full year guidance of Rs 21,000 crore. The company had acquired three land parcels in the MMR and Pune during the April-June quarter to develop projects with a revenue potential of Rs 11,100 crore. Out of the total 7 land acquisitions, the company did not provide details

Max Estates sells Rs 4,100 cr worth properties within 1 month in Gurugram

Realty firm Max Estates Ltd has sold residential properties worth Rs 4,100 crore in the last one month at its new project in Gurugram. Max Estates launched its first residential project in Gurugram named 'Estate 360' on August 27. "Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of around Rs 4,100 crore surpassing the guidance of around 4,000 crore provided by the company for FY'25," Max Estates said in a statement. With this successful launch, Max Estates has revised the guidance for the total Gross Development Value potential of this project to Rs 4,800 crore in FY25. The project is located at Sector 36A, Dwarka Expressway, Gurugram. The project will also have flats for seniors to be managed by Antara Senior Living with a dedicated healthcare centre open to all residents of the community. Max Estates is the real estate arm of the Max Group.

Prestige Group eyes Rs 1,100 cr revenue from new housing project in B'luru

Realty firm Prestige Group has launched a new housing project in Bengaluru with a sales potential of Rs 1,100 crore. The project 'Prestige Pine Forest', spread over 9 acres, is located at Whitefield in Bengaluru. The company will develop 316 units in 4 towers, the company said in a statement on Monday. Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments -- residential, office, retail, hospitality, property management, and warehouses with operations in more than 13 major locations in India. The group has completed more than 300 projects spanning a developable area of 190 million square feet.

NBCC, MTNL sign pact for Rs 1,600 cr worth housing-cum-commercial project

State-owned NBCC (India) Ltd has signed an initial pact to develop a Rs 1,600-crore worth housing-cum-commercial project on a 14-acre land parcel owned by MTNL on Pankha Road in the national capital. In a statement on Thursday, NBCC said that it has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Ltd (MTNL) to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi." This project aims to transform the land into a state-of-the-art residential/ commercial space, leveraging the expertise and resources of both organizations. "The project is valued at Rs 1600 crore approximately," NBCC said. The MoU was signed in the presence of K P Mahadevaswamy, CMD, NBCC, A Robert J. Ravi, CMD, MTNL. MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project. "NBCC will act as the ...

Keystone Realtors to invest Rs 900 cr on housing project in FY25: CMD Irani

Keystone Realtors will step up investment on construction of residential projects this fiscal to Rs 800-900 crore as part of its strategy to ramp up execution capabilities. Keystone Realtors, which sells its properties under Rustomjee brand, is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR). In an interview with PTI, the company's CMD Boman Irani, who is also president of realtors' apex body CREDAI, said the company would invest a lot on construction and land purchases this fiscal to grow its business. "We will be investing around Rs 800-900 crore on pure construction during this fiscal. We invested around Rs 400 crore in the last financial year," he said. Irani said the company has a surplus liquidity of around Rs 3,000 crore to make investments for growth. "We raised Rs 800 crore from Qualified institutional placement (QIP) plus our internal cash flow," he said. Irani noted that the demand in the hous

Nearly 2,000 housing projects stalled across 42 cities: PropEquity

Nearly 2,000 housing projects comprising 5.08 lakh units are stalled across 42 cities in the country, mainly due to financial mismanagement by developers and lack of execution capabilities, according to data analytic firm PropEquity. As per the PropEquity data, there are 1,981 residential projects that are stalled totalling 5.08 lakh units. Of these stalled projects, as many as 1,636 projects totalling 4,31,946 units are in 14 tier I cities, while 345 projects totalling 76,256 units are in 28 tier II cities. It also pointed out that the number of stalled units rose to 5,08,202 from 4,65,555 units in 2018. Samir Jasuja, Founder and CEO at PropEquity said, "The problem of stalled projects and the subsequent rise is due to the lack of execution capabilities of developers, cash-flow mismanagement and diversion of funds to buy new land banks or retire other loans." He stressed on the need to provide independent third-party audit services for homebuyers to empower them to make an informe

Bharat Agri Fert & Realty eyes Rs 800 cr revenue from MMR housing project

Bharat Agri Fert & Realty Ltd expects Rs 800 crore revenue from its new housing project in Mumbai Metropolitan Region (MMR). In a statement on Tuesday, the company said it has launched a high-rise tower, Wembley-24 in Majiwada, Thane comprising 457 residential flats. "The Majiwada project is projected to generate total realisations of approximately Rs 800 crore over the next four years on a pro-rata basis, with the project's cost estimated at approximately Rs 300 crore, as the land is owned by the company," it said. On the launch day, the company witnessed an overwhelming response with pre-sales of around 150 units. "The robust pre-bookings and overwhelming interest on launch day underscore the market's demand for high-quality residential spaces," Yogendra D Patel, Chairman and Managing Director of Bharat Agri Fert & Realty, said. Bharat Agri Fert & Realty Ltd, established in 1962, is into three business verticals fertilisers, realty and hospitality. It is listed on stock

Macrotech acquires 3 land parcels during April-June quarter in Mumbai, Pune

Bullish on housing demand, realty firm Macrotech Developers has acquired three land parcels in the Mumbai region and Pune during the April-June quarter to develop projects with a revenue potential of more than Rs 11,000 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, is acquiring land parcels through two routes -- outright purchases and partnerships with landowners. Giving an update on business development, Macrotech Developers said, "We added three projects in MMR (Mumbai Metropolitan Region) and Pune having Rs 11,100 crore of GDV (gross development value), which is more than 50 per cent of full-year guidance of Rs 21,000 crore". The company, in its latest operational updates, did not mention whether it bought outright or entered into joint development agreements (JDAs) with landowners. During 2023-24, the company added many new land parcels to build housing projects with a potential sales value of over Rs 20,000 crore. To expand busi

Brigade Enterprises eyes Rs 1,100 cr revenue from housing project in B'luru

Realty firm Brigade Enterprises on Thursday said it has launched a new housing project with a revenue potential of Rs 1,100 crore. The project 'Brigade Insignia' is located at Yelahanka, Bengaluru, and comprises 379 units. "The project has a revenue potential of Rs 1,100 crore," the company said in a statement. Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said, "Demand for residential projects is currently high, and the segment is witnessing steady growth. This project is set to ride on that demand and is part of our 11 million square feet expansion plan in the residential space and will be ideal, both as an investment and for ownership." Apartments at Brigade Insignia are available at a ticket size ranging from Rs 3 crore to Rs 9 crore. The project is expected to be completed in June 2029. Brigade Group is one of India's leading property developers. Instituted in 1986, the company has developed many projects across South Indian cities - Bengaluru, Mysuru, Hydera

All you know need to know about China's affordable housing policy

Authorities hope that over time, improving access to affordable housing could provide utility to some of the excess construction undertaken in the boom years

Commercial real estate has bounced back after Covid-19 pandemic blues

Office leasing has surpassed pre-pandemic levels, driven by the growth of global capability centres (GCCs) and flexible office spaces

Luxury housing cashes in on a growing affluent class, evolving lifestyles

This surge is being fuelled by millennials with increasing incomes and elevated expectations

A vision for smart, resilient, inclusive cities: Naredco's G Hari Babu

'The introduction of Real Estate (Regulation and Development) Act (Rera) in 2016 marked a major shift, bringing transparency and accountability with mandatory project registration, buyer protection'

India to be a top global commercial realty market: Anshuman Magazine

Last year, there was an absorption of 16.4 million square feet, one of the highest globally. In 2022, the absorption was 57.9 million sq ft, and this year is also expected to be strong