Mumbai News Desk

1 hour ago

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

2 hours ago

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

20 Jul 2026

• Brigade Hotel Ventures Limited (BHVL) plans to invest around INR 1,100 crore to develop three Hyatt-branded hotels in Chennai, strengthening its hospitality portfolio and expanding its presence in South India's premium hotel market.
• The projects include Grand Hyatt Chennai ECR, Hyatt Regency Chennai and Hyatt Place Chennai OMR, collectively adding nearly 600 keys to the city's hospitality inventory over the next few years.
• Grand Hyatt Chennai ECR, expected to open in 2029, will feature about 200 rooms, multiple dining venues, wellness facilities and extensive MICE infrastructure, targeting business travellers, leisure guests and destination weddings.
• The expansion aligns with BHVL's long-term growth strategy and Hyatt's India expansion plans, reflecting growing demand for premium branded hotels driven by business travel, tourism and large-scale events in Chennai.Read more

19 Jul 2026

The House of Abhinandan Lodha (HoABL) has announced that its 78-acre Nagpur Marina development in South Nagpur has become the first and only project in Central India to qualify as an Alpha Grade Luxury Asset under the assessment framework developed by independent real estate research firm Liases Foras. The research-based framework evaluates luxury developments across five parameters, including brand credibility, location, design, hospitality integration and exclusivity. HoABL said the recognition reflects the project's positioning as an investment-grade luxury development, supported by infrastructure connectivity, managed hospitality services, curated amenities and a limited inventory targeting high-net-worth buyers from India and overseas.Read more

19 Jul 2026

Mumbai-based Pranav Constructions Private Limited (PCPL) has delivered more than 14 lakh sq. ft of redeveloped residential space across the city as of March 2026 and has outlined a future pipeline exceeding 21 lakh sq. ft. The developer has completed 28 redevelopment projects, benefiting over 2,450 families, while expanding beyond its traditional presence in Mumbai's western suburbs into neighbourhoods including Santacruz, Bandra, Andheri, Mahim and Matunga. PCPL currently has 20 redevelopment projects under construction and plans to add 18 more developments across western Mumbai and South Mumbai as it strengthens its presence in key urban redevelopment markets.Read more

19 Jul 2026

Paradigm Realty Group has secured an institutional investment of INR 100 crore from Arnya RealEstates Fund for its residential project, 71 Midtown, in Chembur, Mumbai. The capital will be used to fund the completion of Phase 1 and Phase 2 of the approximately 4.5-acre development. Located near Sindhi Society, the project comprises one and two-bedroom apartments and benefits from connectivity to Bandra Kurla Complex (BKC) and other commercial hubs. The structured investment is aligned with the project's construction and completion schedule and is intended to support execution and delivery. Paradigm Realty has completed 13 residential projects over the past 11 years, delivering more than 3.6 million sq ft of real estate. The company currently has six ongoing developments with around 4 million sq ft under construction across Mumbai.Read more

19 Jul 2026

Serene Communities by Columbia Pacific, a brand of Lifebridge Group, has entered the Mysuru residential market with the launch of Serene Sagara, an independent senior living community being developed in partnership with local developer Astor. Located in Shyadanahalli, the project is being developed with an investment exceeding INR 80 crore across approximately 2.02 acres and will comprise 112 residences in a Ground plus eight-storey development. The project reflects growing interest in purpose-built senior housing in Tier II cities, supported by improving healthcare infrastructure, changing demographic trends and increasing demand for professionally managed retirement communities.Read more