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Primus Senior Living and HDFC Capital have partnered to establish a INR 2,000 crore investment platform dedicated to developing senior living communities across India. The initiative aims to expand institutional investment in a rapidly growing housing segment driven by demographic shifts and changing lifestyle preferences among senior citizens. The platform will develop ownership and rental-based projects in major cities, supporting the growth of professionally managed senior housing as an emerging asset class in India's residential real estate market.Read more

Mumbai News Desk

28 Jul 2026

Prestige Group has acquired a 2.35-acre land parcel in Mulund (West), Mumbai, for INR 110.75 crore, reinforcing its long-term expansion strategy in India's largest residential property market. The acquisition is expected to complement the developer's existing presence in the suburb and create additional development opportunities. The transaction highlights continued developer interest in well-connected suburban micro-markets, where demand for integrated residential projects and premium housing remains strong.Read more

28 Jul 2026

Amaravati Growth & Infrastructure Corporation Limited (AGICL) has awarded Larsen & Toubro (L&T) the Letter of Award (LOA) for the final-phase works of the Non-Gazetted Officers (NGO) Housing Towers in the Amaravati Government Complex. The contract, valued at INR 83.99 crore, covers the construction of sewage treatment plants, compound walls and other finishing works. L&T secured the project as the lowest (L1) bidder. The award marks another step towards completing the residential infrastructure developed for government employees in Amaravati, the greenfield capital city of Andhra Pradesh.Read more

28 Jul 2026

Mahindra Lifespace Developers Ltd reported a strong start to FY27, with residential sales bookings more than doubling to INR 925 crore during the June quarter, supported by sustained housing demand. The company also recorded higher customer collections, expanded its project launches, and handed over 957 homes during the quarter. Alongside robust operational performance, Mahindra Lifespace posted significant growth in revenue and net profit. The developer continues to strengthen its residential portfolio while expanding its integrated developments and industrial clusters across multiple locations in India.Read more

28 Jul 2026

Grovy India Limited, a BSE-listed real estate developer headquartered in South Delhi, reported a 74% year-on-year increase in net profit to INR 1.9 crore for the first quarter of FY27, supported by strong project execution and higher revenue. Total revenue surged 233% year-on-year to INR 27.58 crore, while sequential performance also improved significantly. During the quarter, the company acquired three premium residential projects covering around 50,000 sq. ft. in South Delhi and continued work on 10 ongoing developments spanning 1.83 lakh sq. ft. Looking ahead, the developer plans to expand its annual project pipeline, supported by its collaboration with Golden Growth Fund, and is targeting a future listing on the National Stock Exchange, subject to regulatory approvals and market conditions.Read more

27 Jul 2026

Co-living operator Union Living expects to more than double its revenue to INR 85–90 crore in FY27 as it expands its managed rental housing portfolio across key urban markets. The Mumbai-based company, which reported revenue of INR 38 crore in FY26, has accelerated capacity additions, particularly in Pune, where it has added 1,000 beds since April. Union Living currently operates 16 co-living centres across Mumbai, Pune, Ahmedabad and Gurugram, offering around 3,000 beds for students and working professionals. The company plans to increase its capacity to 4,000 beds by March 2027, supported by a build-to-suit development model and growing demand for professionally managed rental accommodation.Read more

27 Jul 2026

Lodha Developers Ltd has set a target of achieving a 20% increase in net profit to INR 4,100 crore in FY27 after reporting its highest-ever quarterly earnings for the April–June period. The Mumbai-based developer posted a twofold rise in net profit to INR 1,373.1 crore, supported by higher revenue, improved margins and sustained housing demand. The company has already achieved one-third of its full-year profit guidance in the first quarter. It also reported growth in residential sales bookings and reiterated its confidence in long-term expansion, backed by strong demand for branded housing, low leverage and plans to enter the Delhi-NCR residential market during the current financial year.Read more

27 Jul 2026

Piramal Realty has launched Phase 2 of its premium integrated residential project, Piramal Vaikunth, in Balkum, Thane, with an estimated Gross Development Value (GDV) of around INR 4,700 crore. The company has introduced the first residential tower under the new phase, featuring 2 and 3-bedroom homes, while the total investment for Phase 2 is estimated at INR 3,600 crore. The expansion builds on the completed infrastructure and residential community developed during Phase 1 and comes as Balkum continues to gain traction due to multiple upcoming infrastructure and connectivity projects across the Mumbai Metropolitan Region.Read more

27 Jul 2026

Gulshan Group has announced plans to invest around INR 1,000 crore in a new residential development at Wave City in Ghaziabad following the approval of the project's building plans by the Ghaziabad Development Authority. The development is expected to add premium housing inventory within the integrated township while incorporating sustainability, energy efficiency and modern urban infrastructure in line with the latest Uttar Pradesh building regulations. The investment reflects continued confidence in Ghaziabad's expanding residential market and the growing appeal of integrated township developments.Read more

27 Jul 2026

Mahindra Lifespace Developers reported a strong financial performance for the first quarter of FY27, with consolidated net profit rising 67% year-on-year to INR 85.55 crore. The company also posted a sharp increase in total income, supported by robust residential sales and healthy profitability. The developer said it has started the financial year on a positive note, backed by sustained demand across its residential projects. Mahindra Lifespace continues to expand its presence with a sizeable residential portfolio across seven cities and integrated developments spanning more than 5,500 acres.Read more