Page 2 - Real Estate

Anant Raj stock zooms 6% on December 2; Emkay initiates coverage with 'Buy'

A combined total of nearly 1.22 million shares of the company worth approximately Rs 85.62 crore, have changed hands on both the NSE and BSE so far on Monday

Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai

In terms of quantum luxury residential unit sales, Delhi-NCR topped with sales of around 5,855 units, a 72% Y-o-Y increase, followed by Mumbai at around 3,820 units, recording 18% Y-o-Y growth

Highrise hopes: Setting realty's H2 revival in stone, brick by brick

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

DRA Homes targets Rs 1,000 cr revenue; signs Rashmika as brand ambassador

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 ..

Chennai to add 12-13 million sq ft of premium office space in 2025-26

Chennai is set to add about 12-13 million sq ft of premium office space between 2025 and 2026 following strong demand from corporates engaged in various sectors and industry, a report by real estate consulting firm CBRE South Asia Pvt Ltd has said. Currently, the city is home to about 250 Global Capability Centres (GCC) that employ over 1.50 lakh professionals, constituting about 11 per cent of the total GCC talent. The presence of Global Capability Centres in Chennai is expected to touch 460 units by 2030, it said. Strategic policies by the government including the Tamil Nadu Startup and Innovation Policy, Research and Development Policy, payroll subsidy programme for newly established GCCs are solidifying the city's role as a hub for innovation and talent, the study has revealed. The real estate consulting firm CBRE, recently, released the report 'Tamil Nadu: The Epicentre of Capability and Innovation Leadership' which highlights the city's rising prominence as a key destination f

Realty firm Signature Global to recognise Rs 10k cr revenue by Mar 2026

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

Registration of properties in Mumbai city rises 5% in Nov: Knight Frank

Registration of properties in Mumbai municipal region rose 5 per cent to over 10,200 units during November on better housing demand, according to Knight Frank India. As many as 9,736 units were registered during November 2023. In a statement on Saturday, real estate consultant Knight Frank India said that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 10,216 property registrations in November 2024. The data is as of 8 pm on Saturday. The number might increase slightly. Registration of properties declined in November compared to 12,960 units registered in October. Knight Frank India CMD Shishir Baijal said the sequential dip following the festive-driven surge in October reflects a natural phase of market consolidation. "Significantly, the increasing demand for premium properties and larger living spaces underscores a decisive shift towards quality, value, and long-term investment in Mumbai's ever-dynamic real estate landscape," he add

Chennai-based real estate firm DRA to expand footprint to Pune, Bengaluru

DRA is expecting its revenue to touch Rs 500 crore this financial year and has set a target of Rs 1,000 crore by 2026-27

Real estate major Godrej Properties seeks Rs 6,000 crore through QIP

The company aims to utilise the net proceeds of the issue for the acquisition of land and land development rights, as well as general corporate purposes

Co-working firm Incuspaze to raise Rs 210 cr to fund expansion, plans IPO

Stock listing in five years as corporate demand for flexible offices increases in cities

Realty, offshore betting ads account for 63% of violations: ASCI report

Real estate continues to be the most violative sector, accounting for 34% of all complaints investigated during the April to September 2024 period

Ajmera Realty & Infra cuts debt by Rs 100 cr, down to nearly Rs 700 cr

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 ...

Decoded: Flat buyers can't be penalized for builder's failures, rules HC

The housing society's application for "deemed conveyance" should not be rejected due to the builder's mistakes.

The Economic Transformation of Faridabad: Infrastructure Growth Drives Real Estate and Business Development

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Chennai to have 450 GCCs by 2030 against current 250 centres: CBRE

Chennai is estimated to have around 450 Global Capability Centres (GCCs) by 2030 as against 250 centres now because of supply of premium office space and availability of skilled talent, according to CBRE. Real estate consultant CBRE on Wednesday released a report titled, Tamil Nadu: The Epicentre of Capability and Innovation Leadership', highlighting Chennai's rising prominence as a key destination for GCCs and its expanding commercial real estate landscape. "Over the years, Chennai has solidified its position as a preferred hub for global corporates, which accounts for 11 per cent of India's current GCC talent. The city currently hosts 250+ GCC units, which is expected to reach around 450-460 units by 2030," CBRE said. Chennai's robust infrastructure, proactive state government policies, and quality office development are aligned to meet the needs of global corporates, it added. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, As ..

Emami Realty to develop Rs 15,000 cr worth realty projects in 7 years

Kolkata-based Emami Realty will develop 22 million square feet of residential and commercial spaces over the next seven years with an estimated revenue potential of Rs 15,000 crore. In a statement on Wednesday, Emami Realty said it will "develop 22 million square feet of residential and commercial spaces over the next 7 years across major cities in India." "This ambitious expansion underscores Emami Realty's commitment to enhance urban living and drive the growth of India's real estate sector, with a projected revenue potential of Rs 15,000 crore," it added. Nitesh Kumar, MD & CEO of Emami Realty, said, "Our commitment to developing 22 million square feet of residential and commercial spaces over the next seven years reflects our unwavering dedication to enhancing urban living and driving the growth of India's real estate sector." Emami Realty's extensive development plan includes a diverse portfolio of projects across key locations in India, including Kolkata, Chennai, Mumbai, ...

Want passive income? Ahmedabad leads with highest rental yield of 3.9%

Highest rental yields are not in traditional investment hubs like Bengaluru or Delhi but in Ahmedabad, Hyderabad, Kolkata, and Pune. These cities are becoming hotspots for investors.

Alternative investment funds gain currency as fundraise tops Rs 5 trillion

Funds raised and commitments in AIFs have surged 30% Y-o-Y

Nippon Life India acquires commercial spaces worth Rs 486 crore in Mumbai

The transactions were registered with the inspector general of registration (IGR) on November 21

Realty most violative sector on problematic advertising in Apr-Sep: Report

The real estate sector has emerged as the most violative segment in advertising during the first half of FY25, accounting for over a third of the problematic campaigns, a report said on Tuesday. The report by the Advertising Standards Council of India (ASCI) said the self-regulatory body received 4,016 complaints during the first half, of which 3,031 were investigated and 98 per cent of them needed some modification. From a media perspective, digital platforms contributed to 2,830 or 93 per cent of the ads processed by the body. When it comes to violations of the code, the real estate sector is followed by illegal betting at 29 per cent, healthcare at 8 per cent, personal care at 7 per cent, and food and beverages at 6 per cent. The body reviewed 2,115 ads from the realty sector, of which 1,027 were processed for potential violations of the MahaRERA Act, an official statement said. On the illegal betting front, the body said 890 ads were flagged to the Ministry of Information and