21 May 2026

• Puravankara’s consolidated net profit increased to INR 740.7 crore in FY26 from INR 26.5 crore in the previous financial year.
• Annual sales bookings rose 55% year-on-year to INR 7,407 crore, while quarterly sales touched a record INR 3,547 crore.
• The company delivered 3,747 homes during FY26 and handed over more than 4.25 million sq ft across projects.
• Revenue growth was supported by higher project completions, improved collections and stronger demand in Bengaluru and Mumbai housing markets.
• Puravankara added projects with an estimated development value of INR 15,200 crore through redevelopment deals, land acquisitions and joint development agreements.Read more

21 May 2026

Veris Residential Inc has received 14 stockholder demand letters alleging that the company’s proxy statements contained materially incomplete or misleading information, according to a recent SEC filing. The demands were disclosed as of the past week and relate to concerns raised by shareholders over the adequacy of information shared in company communications. The filing did not specify whether any legal proceedings have been initiated yet. The development comes at a time when listed real estate companies and REITs are facing increased scrutiny from investors regarding governance practices, disclosures, and shareholder transparency.Read more

21 May 2026

DLF’s joint venture with Singapore sovereign wealth fund GIC, DLF Cyber City Developers Ltd (DCCDL), recorded a 16 per cent year-on-year increase in rental income to INR 5,525 crore in FY26, supported by sustained demand for premium office and retail assets across key markets including Gurugram and Chennai. Office rental income rose 17 per cent to INR 4,550 crore, while retail rental earnings increased 11 per cent to INR 975 crore. DCCDL currently operates a commercial portfolio spanning 44.3 million sq ft, largely comprising office properties. The company also reported growth in revenue, EBITDA and profit during the fiscal year. DLF said upcoming office and retail completions are expected to further strengthen its annuity portfolio amid continued expansion by global occupiers and Global Capability Centres (GCCs).Read more

21 May 2026

• China’s new home prices recorded their slowest monthly decline in a year during the past month, supported by improving prices in major cities such as Shanghai and Shenzhen.
• Tier-one cities saw marginal price growth, while smaller tier-two and tier-three cities continued to face falling prices, unsold inventory and weak housing demand.
• Analysts said the property market has still not fully stabilised and may take another one to two years to witness a broader recovery due to oversupply concerns.
• Property investment in China continued to decline sharply, while household loans, including mortgages, contracted significantly, reflecting weak buyer confidence.
• Chinese authorities have introduced buyer incentives and state-backed housing purchase programmes to reduce inventory and support the real estate sector.Read more

21 May 2026

Man Infraconstruction Limited has acquired an ultra-luxury residential development site off Bandstand in Bandra West, Mumbai, strengthening its presence in one of the city’s most premium housing micro-markets. The project, planned under the company’s MS Collection Residences vertical, is expected to have an estimated gross development value (GDV) exceeding INR 1,000 crore. Spread across more than 30,000 sq ft, the sea-view development is currently progressing through the approval stage and has applied for its Intimation of Disapproval (IOD). The acquisition expands MICL Group’s Bandra portfolio to a combined GDV of over INR 2,350 crore and takes the company’s overall real estate portfolio to an estimated INR 18,575 crore.Read more

20 May 2026

• NeoLiv plans to invest around INR 500 crore in a 76-acre residential project in the Panvel-Khopoli belt of the Mumbai Metropolitan Region (MMR).
• The upcoming development will include housing plots and villas with a total saleable area of nearly 13 lakh sq ft.
• The project is expected to generate an estimated revenue potential of around INR 800 crore.
• This will be NeoLiv’s third project in the MMR region as the company expands its presence beyond Delhi-NCR.
• The company has already launched two housing projects in Delhi-NCR and plans to launch three projects in MMR during the current financial year.Read more

Mumbai News Desk

20 May 2026

• Mumbai Police’s Economic Offences Wing (EOW) arrested builder Sohail Abdullah Dukka in connection with an alleged fraud in the One Jogeshwari SRA redevelopment project in Jogeshwari West.
• The accused allegedly sold around 10 flats illegally at below-market rates and diverted the money into personal and business accounts instead of the project’s designated RERA account.
• The complaint stated that flats worth nearly INR 14.9 crore were involved, while around INR 10.67 crore was allegedly misappropriated.
• Investigators are examining financial transactions, flat allotments and whether more buyers or investors were impacted in the redevelopment project.Read more

Bangalore News Desk

20 May 2026

The Bengaluru Development Authority (BDA) is facing growing legal and regulatory pressure over delays in housing and plotted development projects across Bengaluru. Karnataka RERA has directed the authority to register pending projects, complete infrastructure works and address complaints raised by homebuyers over delayed possession and missing civic amenities. Buyers in projects such as Gunjuru Housing Project and Nadaprabhu Kempegowda Layout have alleged prolonged delays despite making full payments years ago. Recent K-RERA orders have also clarified that public development authorities are subject to RERA rules and can be held accountable for compensation and project delivery delays.Read more

20 May 2026

• Anarock Group reported a 25 per cent rise in FY26 revenue to INR 946 crore, compared to INR 755 crore in the previous fiscal.
• The growth was supported by strong housing demand and robust leasing activity in office and retail real estate segments.
• The company facilitated housing sales worth INR 16,435 crore during the last financial year, while the residential business contributed INR 442 crore to overall revenue.
• Chairman Anuj Puri said the company is focusing on expansion and strengthening its proptech and advisory capabilities amid evolving housing demand trends.
• The group is also expanding its presence in the Middle East, especially Dubai, and recently appointed Aayush Puri to lead its regional residential operations.Read more

20 May 2026

• AVPL International will inaugurate Phase 1 of its proposed INR 80 crore ‘Drone City Haryana’ project at Sisai village in Hisar district on May 16.
• The project has secured INR 58.51 crore in incentives under the Haryana Enterprise and Employment Policy-2020 and is planned as an integrated drone manufacturing and training ecosystem.
• Spread across nearly 11.5 acres, the development will house 23 industrial sheds for drone and drone-component companies operating across sectors including agriculture, logistics and surveillance.
• The company expects the project to generate employment and entrepreneurship opportunities for more than 800 youth through manufacturing, technical training and drone operations.
• A parallel orientation initiative under the ‘500 Drone Udhami Scheme’ will train Scheduled Caste youth as drone entrepreneurs, pilots, technicians and agri-drone service providers in partnership with the Haryana Scheduled Castes Finance and Development Corporation.Read more

19 May 2026

• Germany’s residential construction sector recorded its steepest fall in business sentiment in four years during the past month.
• The Ifo institute’s business climate index for the sector dropped to minus 28.4 points from minus 19.3 points a month earlier.
• Rising geopolitical uncertainty, higher financing costs and fragile supply chains negatively impacted construction activity and market confidence.
• Around 9.2% of companies reported material supply disruptions, compared to nearly 1% seen consistently over the previous two years.
• The share of firms reporting insufficient orders remained stable at 43.8%, highlighting continued weak demand conditions in the housing market.Read more

19 May 2026

• PropTiger reported a 2% year-on-year decline in housing sales across eight major Indian cities during January–March 2026, with total sales falling to 95,973 units.
• New housing supply remained largely unchanged at 93,065 units during the quarter, reflecting cautious developer launches and limited addition of affordable homes.
• Bengaluru emerged as the strongest-performing residential market with a 33% rise in sales, while Chennai, Hyderabad and Delhi-NCR also recorded annual growth.
• Housing sales declined sharply in MMR, Pune, Kolkata and Ahmedabad, contributing to the overall moderation in residential absorption.
• The consultancy noted that inventory levels remained balanced as fresh supply additions stayed closely aligned with housing absorption across major markets.Read more

Lucknow News Desk

19 May 2026

The Lucknow Development Authority (LDA) has launched an e-auction for 149 residential plots located in Gomti Nagar Extension and Basant Kunj as part of a larger property sale exercise across Lucknow. Nearly 475 properties, including residential, group housing, institutional and commercial assets worth around INR 3,000 crore, have been put up for auction. The online bidding process will remain open till May 28. Plot sizes range from 25 square metres to 300 square metres, while the authority has also included land parcels for group housing projects and institutional development under its proposed Edu City initiative.Read more

Pune News Desk

19 May 2026

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more