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Birla Estates, the real estate development arm of the Aditya Birla Group, has expanded its development potential through its wholly owned subsidiary Unnatam Properties.Unnatam Properties has acquired nearly 90,000 sq ft of Floor Space Index (FSI) from Parinee Real Estate Builders and Parinee Contour Construction.The transaction has been valued at more than INR 159 crore, strengthening Birla Estates' development rights in the Mumbai real estate market.The acquisition is part of the company's broader strategy to expand its development portfolio and strengthen its presence in key urban markets.Read more

11 Aug 2026

Raymond Realty Ltd reported a 19% year-on-year decline in consolidated net profit to INR 13.43 crore for the quarter ended June, as higher operational expenses weighed on profitability. The company had recorded a consolidated net profit of INR 16.50 crore in the corresponding quarter of FY26. Despite the decline in earnings, total income increased to INR 535.71 crore during the first quarter of FY27 from INR 391.86 crore a year earlier, according to a regulatory filing. The company also recorded a substantial increase in sales bookings during the quarter. Pre-sales rose to INR 700 crore in Q1 FY27 from INR 306 crore in the corresponding period of the previous financial year. The increase in bookings came alongside higher total income, although elevated operating costs affected the company’s bottom-line performance during the quarter.Read more

11 Aug 2026

Signature Global has awarded construction contracts worth INR 920 crore to KEC International and NCC for its Sarvam at DXP Estate luxury housing project in Sector 37D, Gurugram, along the Dwarka Expressway. The two companies have received contracts valued at INR 460 crore each. KEC International will construct six residential towers, while NCC will undertake five towers. The 11 towers will together comprise 1,798 residential units across a development area of 5 million sq ft. Construction is scheduled to begin by the end of the third quarter of FY27. Signature Global said the project is spread across 13.55 acres. The developer has delivered 19.2 million sq ft of real estate so far and recorded sales bookings of INR 8,250 crore in FY26. It is targeting sales bookings of INR 10,000 crore in the current financial year.Read more

11 Aug 2026

Shapoorji Pallonji Real Estate (SPRE) will host its Multi-City Property Showcase in Noida on August 9, bringing 15 residential projects from Mumbai, Thane, Pune, Gurugram and Howrah under one roof. The one-day event will feature premium apartments, luxury villas and lifestyle plots starting from INR 60 lakh. Homebuyers and investors will also be able to access home loan assistance, personalised consultations and event-specific offers. The showcase follows similar events in Gurugram and Mumbai and will provide buyers an opportunity to compare residential projects across multiple markets at a single venue.Read more

11 Aug 2026

Godrej Properties increased its investment in construction and related activities by 54 per cent year-on-year to INR 2,244 crore in the first quarter of the current fiscal, as the company steps up execution across its ongoing projects. The developer delivered 0.9 million square feet during the quarter and is targeting 13.5 million square feet of deliveries in the current fiscal. Despite a decline in quarterly profit and income, the company recorded a 22 per cent rise in sales bookings to INR 8,651 crore. It expects sales momentum to remain strong, supported by end-user demand across key markets.Read more

11 Aug 2026

Godrej Properties expects to generate more than INR 20,000 crore in operating cash flow over the current and next fiscal, supporting further investments in business expansion. Executive Chairperson Pirojsha Godrej said the company’s sales performance remained strong, with bookings rising 22 per cent year-on-year to INR 8,651 crore in the June quarter. The developer expects to meet or exceed its targets for sales bookings, project launches, customer collections and land acquisition. It is also targeting a 20 per cent return on equity for the next financial year while continuing to expand construction and delivery capacity.Read more

10 Aug 2026

Sumadhura Group plans to invest around INR 2,000 crore to develop a residential project in Bengaluru’s Whitefield-Kannamangala Corridor. The Bengaluru-based developer has signed a Joint Development Agreement with a landowner for the 17-acre project, which will have around 2.5 million square feet of saleable area. The company sees strong growth potential in the corridor, which has emerged as an important residential market in East Bengaluru. Sumadhura Group has completed 56 projects covering more than 17 million square feet and has over 40 million square feet of projects in its pipeline.Read more

10 Aug 2026

Arvind SmartSpaces Ltd reported an eight-fold rise in consolidated net profit to INR 97.39 crore for the quarter ended June, supported by a sharp increase in total income. The Ahmedabad-based Lalbhai Group’s real estate arm had posted a net profit of INR 11.96 crore in the corresponding quarter of the previous financial year. Total income increased to INR 322.02 crore in the first quarter of FY27 from INR 106.39 crore a year earlier, according to a regulatory filing. The company also recorded a more than two-fold increase in sales bookings, with pre-sales reaching INR 432 crore during April-June, compared with INR 175 crore in the corresponding period of FY26. Arvind SmartSpaces has projects across Ahmedabad, Gandhinagar, Baroda, Bengaluru, the Mumbai Metropolitan Region and Pune.Read more

10 Aug 2026

The West Bengal government has released the second instalment of financial assistance to more than 10.20 lakh beneficiaries under its renamed rural housing scheme, Paschim Banga Awas. Around INR 6,122 crore has been transferred directly into beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) mechanism to support house construction. The scheme, previously known as Banglar Bari, has been renamed following a fresh verification of beneficiaries. Each eligible family will receive a total financial assistance of INR 1.20 lakh, with the current instalment released only to those who have completed construction up to the lintel level. The state government has said the remaining eligible beneficiaries will receive assistance after completing the required construction stage and undergoing field verification.Read more

10 Aug 2026

Signature Global reported a consolidated net loss of INR 16.52 crore for the first quarter of the current financial year, compared to a net profit of INR 34.43 crore in the corresponding period last year. The decline came as the company's total income dropped to INR 611.72 crore from INR 898.35 crore a year earlier. The Gurugram-based developer has been actively expanding its residential portfolio in recent years and remains one of the country's leading listed real estate companies despite the weaker quarterly financial performance.Read more