22 Jul 2026

The Telangana government has launched the Indiramma Indlu-LIG Flats scheme to provide affordable housing support to eligible urban poor families across Hyderabad and surrounding urban areas. Announced in the past week, the initiative will facilitate the construction or purchase of Low-Income Group (LIG) flats with financial assistance of INR 6 lakh per beneficiary. The programme forms part of the state's broader Indiramma housing initiative aimed at expanding access to permanent housing for economically weaker sections in urban centres. The scheme is expected to cover beneficiaries residing in the Comprehensive Integrated Residential Urban Expansion (CURE) region while complementing the government's ongoing affordable housing efforts. It also seeks to address housing shortages in rapidly urbanising areas through a structured subsidy-based model backed by the state government.Read more

Mumbai News Desk

22 Jul 2026

The directors of Mumbai-based luxury developer Notandas Realty, Mahesh Jagwani and Harsh Jagwani, have acquired the heritage Villa Wilson bungalow in Juhu for INR 135 crore, marking the company's second high-profile bungalow purchase in the suburb this year. Spread across a plot of about 1,038.5 square metres with a future developable area of roughly 11,836.94 square metres, the property was previously owned by the Wilson family for more than five decades. The company plans to develop a luxury residential project on the site with a projected gross development value of INR 600 crore.Read more

22 Jul 2026

Meghna Infracon Infrastructure Ltd has launched a commercial development at Wagle Estate in Thane, within the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of INR 300 crore. The project, named Meghna One, will have a developable area of approximately 2.8 lakh sq ft and will comprise premium office, retail and hospitality spaces. The launch forms part of the company's expansion in the commercial real estate segment, targeting one of MMR's established business districts, where demand for integrated commercial developments has remained steady.Read more

22 Jul 2026

Sobha reported a sharp rise in its financial performance for the first quarter, supported by higher apartment prices and sustained demand for premium homes. The Bengaluru-based real estate developer recorded nearly four times growth in consolidated net profit, while revenue also increased significantly during the quarter. The company's performance reflects the continued resilience of India's residential real estate market, particularly in the premium segment. Stable domestic interest rates and steady homebuyer demand helped the sector maintain momentum despite global economic uncertainties and concerns over inflation linked to higher crude oil prices.Read more

21 Jul 2026

Oberoi Realty reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising 29 per cent year-on-year to INR 543.51 crore, supported by higher total income. The Mumbai-based real estate developer also recorded a notable increase in revenue during the quarter, reflecting steady business momentum. The company's performance comes amid sustained demand in the premium housing segment, where it has a strong presence across the Mumbai Metropolitan Region. The latest quarterly results indicate continued operational stability and healthy financial growth.Read more

Mumbai News Desk

21 Jul 2026

Ajmera Realty & Infra India reported a 35% year-on-year increase in sales value to INR 146 crore for the first quarter of FY27, driven by sustained demand across its residential projects in the Mumbai Metropolitan Region. Customer collections stood at INR 173 crore, while sales volume declined amid a lower number of project launches during the quarter. The company said it remains focused on expanding its development pipeline and achieving its FY27 sales guidance through upcoming launches across key micro-markets.Read more

21 Jul 2026

The eighth Global Real Estate Brand Awards (GREBA) 2026 concluded in Bengaluru, bringing together more than 200 real estate developers, policymakers, technology firms and corporate leaders to discuss artificial intelligence (AI), PropTech adoption and sustainable urban development. The event featured market outlook sessions, panel discussions on digital transformation and an awards ceremony recognising more than 25 developers, projects and industry professionals. Institutional partners, including CareEdge Ratings, ANAROCK Group and NAREDCO Karnataka, participated in the summit, which focused on emerging market trends, technology-led development and innovation across India's real estate sector. Awards were presented across residential, commercial, PropTech and individual leadership categories.Read more

20 Jul 2026

Prestige Estates Projects Ltd launched three residential projects and one commercial development during the April–June quarter of FY2026–27, adding over 20 million sq ft of developable area to its portfolio. The three housing projects in Hyderabad, Bengaluru and Mumbai have an estimated revenue potential of INR 12,000 crore. Despite a 46% year-on-year decline in quarterly sales bookings due to a high base from the previous year, the Bengaluru-based developer remains focused on expansion, with a pipeline of marquee residential launches planned across Mumbai, NCR, Bengaluru and Chennai during the festive season. The company has also retained its annual pre-sales guidance of INR 35,000–36,000 crore.Read more

20 Jul 2026

Kolte-Patil Developers reported sales bookings of INR 617 crore during the April–June quarter of FY2026–27, broadly unchanged from the corresponding period a year earlier, reflecting stable demand across its residential portfolio. While pre-sales remained flat, the company recorded a 29% increase in average sales realisation to INR 9,442 per sq ft, supported by strategic price revisions and a greater contribution from Mumbai projects. The developer also launched 0.78 million sq ft during the quarter and reported a 30% rise in customer collections to INR 715 crore, indicating continued execution across its ongoing developments. Mumbai accounted for nearly one-third of the quarter's sales value, highlighting its increasing significance within the company's portfolio.Read more

20 Jul 2026

• L&T Realty has acquired a 2.5-acre land parcel in Central Delhi for around INR 200 crore, marking its entry into one of the capital's most premium residential micro-markets.
• The company plans to develop a luxury housing project on the site, targeting the growing demand for high-end residences in central parts of Delhi.
• The acquisition strengthens L&T Realty's presence in North India and expands its portfolio beyond its established markets of Mumbai, Bengaluru and Chennai.
• The project is expected to capitalise on limited land availability and strong buyer demand for premium homes in central Delhi.Read more