2 hours ago

BEST has approved the transfer of its Dharavi and Kalakilla bus depots in Mumbai for the Dharavi Redevelopment Project, facilitating the handover of 11.58 acres of land. The decision enables project developer Navbharat Mega Developers Pvt Ltd (NMDPL) to proceed with redevelopment plans while maintaining bus operations through temporary facilities. The depots will eventually be replaced by new multi-storey transport hubs. The move removes a key operational hurdle for the INR 96,000 crore Dharavi Redevelopment Project currently underway.Read more

03 Jun 2026

• Realty developer Anant Raj Ltd has signed a Memorandum of Understanding (MoU) with the Haryana government to invest INR 20,000 crore in large-scale data centre infrastructure across the state.
• The agreement was signed during the launch of the Make in Haryana Policy and other sectoral policies by the Department of Industries & Commerce, Haryana.
• The proposed investment is in addition to the company's existing data centre expansion programme in Haryana.
• Anant Raj currently operates 28 MW of IT load in Manesar and Panchkula and plans to scale its total capacity to 307 MW by 2031-32.
• The investment is intended to strengthen digital infrastructure, support rising demand for data storage and cloud services, and enhance Haryana’s position as a technology investment destination.Read more

03 Jun 2026

Real estate developer Anant Raj has announced plans to invest INR 250 billion in Haryana to strengthen its data centre and cloud services business. The company has signed an agreement with the Haryana Enterprises Promotion Centre to support the development of digital infrastructure in the state. The investment comes as demand for data storage, cloud computing and digital services continues to rise across India. The initiative aligns with Haryana’s industrial growth strategy and follows Anant Raj’s recent consideration of separating its data centre operations from its core real estate business.Read more

03 Jun 2026

• Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a 2,941 sq m land parcel in Mahim (West), Mumbai.
• The acquisition involves a consideration of INR 75 crore and concerns land adjoining the company's ongoing commercial project, Suraj One Business Bay.
• Following amalgamation with the existing development, the parcel is expected to generate an additional saleable carpet area of around 1.50 lakh sq ft.
• The expanded project is estimated to have a gross development value (GDV) of about INR 800 crore, taking the combined GDV of Suraj One Business Bay to more than INR 2,000 crore.
• The transaction is expected to strengthen Suraj Estate's commercial pipeline in South-Central Mumbai and reinforce its presence in the Mahim micro-market.Read more

03 Jun 2026

Puravankara Limited has entered into a Joint Development Agreement (JDA) for an 11.23-acre land parcel at Doddagubbi in North Bengaluru, where it plans to develop a residential apartment project with an estimated gross development value (GDV) of INR 1,100 crore. The development will comprise approximately 0.74 million sq ft of saleable area and forms part of the company’s ongoing expansion strategy in key urban micro-markets. The announcement comes after the developer reported record annual sales of INR 7,407 crore in FY26 and outlined a FY27 sales target of INR 11,200 crore. The project strengthens Puravankara’s pipeline in Bengaluru, which now represents more than INR 13,800 crore in GDV across multiple residential developments.Read more

02 Jun 2026

Shriram Properties reported a return to annual profitability in FY26, driven by higher revenue from operations, improved project execution and stronger earnings during the year. The Bengaluru-based developer posted a net profit compared to a loss in the previous fiscal, while fourth-quarter results also showed significant growth in both revenue and profit. Alongside approving its audited financial results, the company's board cleared the acquisition of partner stakes in four joint venture projects, a move aimed at increasing ownership and operational control. The developments reflect the company's focus on strengthening its project portfolio and improving financial performance amid sustained demand in the residential housing market.Read more

02 Jun 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of award worth approximately INR 2,002 crore across its core business verticals. The contracts include power transmission and distribution projects in international markets, building and factory projects within India, and a railway sector order. The latest wins strengthen the company’s presence in key overseas regions, particularly the Middle East and Nordic countries, while also expanding its domestic order book. The development reflects continued demand across infrastructure segments where KPIL operates, including power, urban mobility, railways and industrial construction. The company currently executes projects in more than 30 countries and maintains a footprint across 75 countries globally.Read more

02 Jun 2026

• Mumbai-based Arkade Developers reported FY26 pre-sales of INR 901 crore, registering 17% year-on-year growth amid sustained residential demand across the Mumbai Metropolitan Region.
• The company posted total revenue of INR 828 crore, up 19% year-on-year, while collections reached INR 728 crore during the financial year.
• Arkade completed the acquisition of the Filmistan property in Goregaon West, Mumbai, with plans to develop an ultra-luxury residential project having an estimated GDV of INR 3,500 crore.
• A one-time accounting adjustment of around INR 182 crore linked to the transaction impacted FY26 consolidated financial statements but was described as non-operational in nature.
• The developer expanded its project pipeline to an estimated GDV of INR 12,800 crore and secured cluster redevelopment rights for nine housing societies in Kandivali East.Read more

02 Jun 2026

• Prestige Estates Projects is targeting sales bookings of INR 35,000–36,000 crore in FY27, representing a growth of 15–20 per cent over the previous fiscal.
• The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY26, marking a 76 per cent year-on-year increase.
• The company has a launch pipeline valued at around INR 60,000 crore across key markets including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR.
• Management remains confident about residential demand despite global uncertainties and rising construction costs linked to the West Asia conflict.
• Prestige also reported a sharp rise in profitability and income during FY26, supported by strong operational performance across asset classes.Read more

01 Jun 2026

Abhee Ventures has announced plans to launch a 45-acre residential township in Gunjur, located along the Whitefield–Sarjapur Road corridor in Bengaluru. The proposed project, branded “Codename New Dimension”, is designed as a Scottish-themed development featuring landscaped open spaces, wellness-oriented amenities and a 3-acre golf driving range. Positioned within East Bengaluru’s expanding residential corridor, the development will comprise high-rise residential towers with apartment configurations ranging from 2 BHK to 4.5 BHK units. The project has been designed in collaboration with London-based UHA London and RSP Architects. Abhee Ventures stated that the township will be developed in phases and is currently in the conceptualisation stage amid increasing demand for integrated residential communities across Bengaluru’s technology-driven micro-markets.Read more