06 Jun 2025

Signature Global is set to invest approximately INR 4,000 crore during the current financial year to acquire land and fuel construction activities across its residential projects in Gurugram. The company had allocated INR 1,070 crore in the past year towards acquiring 48 acres in Gurugram. Of the upcoming capital deployment, INR 1,200-1,500 crore will be used for land acquisition, while INR 2,500 crore has been earmarked for construction. The firm reported robust sales bookings of INR 10,290 crore during the last fiscal and is targeting INR 12,500 crore in the current one. Signature Global's strong financials reflect a significant rise in profitability and income, marking its ascent among India's top five listed real estate firms.Read more

06 Jun 2025

Enzyme Office Spaces has leased 90,000 sq. ft. to accounting software firm Vyapar at its new Sarjapur Road centre in Bengaluru. The 1.2 lakh sq. ft. facility, with 3,000-seat capacity, is now nearly fully occupied, with only 30,000 sq. ft. remaining. The space was customised to Vyapar's operational needs, reflecting rising demand for flexible, tailored office environments among digital-first companies. Founder and CEO Ashish Agarwal noted strong interest from tech-driven businesses. Earlier this year, SUGAR Cosmetics leased 14,000 sq. ft. at Enzyme's Andheri East centre in Mumbai. Enzyme currently operates 32 centres across Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, totalling 1.55 million sq. ft. and 38,000 seats. Workspace pricing ranges from INR 5,000 to INR 25,000 per desk. As hybrid work models evolve, Enzyme's flexibility and customisation remain key draws for modern enterprises.Read more

06 Jun 2025

The Lucknow Development Authority (LDA) has launched two major housing projects-Udyog Nagar and Naimish Nagar-targeting the city's growing demand for affordable, well-planned residences. Udyog Nagar is envisioned as a modern township with green spaces, strong connectivity to commercial hubs, and integrated urban amenities. Naimish Nagar will offer varied housing options catering to diverse income groups, with an emphasis on affordability and quality. Both projects will be developed in phases, employing sustainable construction technologies aligned with national urban housing policies. Building on its successful track record of housing schemes for low- to middle-income groups, the LDA aims to further bridge the housing gap. The new townships will also feature recreational areas, schools, and healthcare facilities, contributing to community welfare. As Lucknow's infrastructure rapidly evolves, these projects are expected to drive residential growth and ease market demand.Read more

06 Jun 2025

Tata Digital Pvt Ltd has leased approximately 59,000 sq. ft. of office space across three floors at One International Centre in Mumbai's Lower Parel business district. The five-year lease covers the 15th, 16th, and 17th floors, with a monthly rent of INR 1.05 crore plus INR 12.32 lakh in CAM charges, totalling about INR 1.18 crore monthly. The lease includes a 5% annual rent escalation and a rent-free period from February 1 to July 15, 2025. Tata Digital has paid INR 7.07 crore as security deposit and secured 49 car parking slots, with additional parking available at INR 10,000 per slot. This move reflects sustained demand for premium office spaces in Lower Parel, a preferred hub for corporate occupiers due to its strategic location, connectivity, and modern amenities.Read more

05 Jun 2025

The Prayagraj Development Authority (PDA) is offering 764 unsold affordable flats across 12 residential schemes in Prayagraj, targeting EWS, LIG, and 1BHK, 2BHK, and 3BHK buyers. Allotments will be made via a transparent lottery system. To boost accessibility, PDA has reduced prices by 10% across all categories. Key projects include Jagriti Vihar Awasiya Yojna, Mausam Vihar Apartment, Vasudha Vihar, Mangal Vihar, Sugam Vihar, Yamuna Vihar in Naini, Janhvi Apartment, Manas Vihar, Azad Apartment, Divine Apartment in Trivenipuram (4BHK), Saras Vihar in Jhunsi, and Govindpur luxury flats. PDA has published details on janhit.upda.in and www.pdaprayagraj.org, with helpline support available. This initiative aims to meet Prayagraj's growing housing demand while ensuring transparency and affordability in the home-buying process.Read more

05 Jun 2025

Prestige Estates Projects Ltd plans to launch 25 residential projects across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa this fiscal, covering 44.80 million sq. ft. with a projected gross development value (GDV) of INR 42,120 crore. The expansion follows a subdued FY25, when regulatory delays limited launches to 26.28 million sq. ft. (GDV: INR 26,222.8 crore). Pre-sales dropped 19% YoY to INR 17,023.1 crore, with sales volume down 38% to 12.58 million sq. ft. Despite the decline, Prestige reported strong pricing gains-apartment, villa, and commercial realisation rose 36% to INR 14,113 per sq. ft., while plot sales surged 50%. Net profit fell to INR 467.5 crore from INR 1,374.1 crore. With a robust launch pipeline and improved pricing trends, Prestige aims to regain growth momentum and reinforce its position in India's premium real estate market.Read more

05 Jun 2025

Godrej Properties Ltd has expanded its presence in Pune by acquiring a 14-acre land parcel in the Kharadi-Wagholi region for a premium residential project. This development is expected to generate INR 4,200 crore in revenue and will offer around 3.7 million square feet of developable area. According to the company's regulatory filing earlier this week, the project will focus on upscale group housing. The move aligns with Godrej Properties' broader strategy to grow its footprint across key micro-markets, with recent forays into new cities including Hyderabad.Read more

05 Jun 2025

The Lucknow Development Authority (LDA) will conduct a lottery on June 10 to allot 334 residential plots in the Anant Nagar Scheme at Indira Gandhi Pratishthan. Over 13,000 applicants registered online for the scheme. Spread across 785 acres on Mohan Road, Anant Nagar will eventually host 2,100 residential plots, 120 commercial plots, and 60 group housing plots, with 5,000 units reserved for EWS and LIG segments under Pradhan Mantri Awas Yojana. The township will feature a 100-acre Edutech City, 130 acres of green spaces, underground power cables, a grid road network, and a zero-liquid discharge system. The road connecting to Kisan Path will be widened to 24 metres to improve access. Land acquisition and compensation efforts are underway. Anant Nagar reflects Lucknow's push for sustainable, affordable urban housing and modern infrastructure.Read more

05 Jun 2025

Mumbai's luxury real estate market has recorded a sharp 36% increase in unsold inventory during the first quarter of 2025, reversing a consistent downward trend observed over the past two years. This spike is largely attributed to the influx of high-value housing units, priced above INR 2.5 crore, introduced within the Mumbai Metropolitan Region (MMR). While demand in this segment remains steady, a combination of elevated prices and global economic headwinds has tempered the pace of sales. Despite the setback in the premium segment, the city's overall property market continues to display strength, with property registrations and associated revenue reaching new heights in the past few months.Read more

04 Jun 2025

Aparna Constructions and Estates has launched a new luxury housing project, Aparna Moonstone, with an investment of over INR 2,525 crore. Located within the integrated Aparna Deccan Town in Hyderabad's Gopanpally-Gachibowli corridor, the project will feature 2,088 residential units across 22.28 acres. The move aligns with rising demand for luxury living as Hyderabad cements its status as a global innovation hub. Managing Director S S Reddy noted that Aparna's legacy of quality positions it to lead this market shift. Founded in 1996, Aparna Constructions has grown into a INR 4,500 crore realty firm with 83 projects spanning residential, commercial, and retail segments across Telangana, Andhra Pradesh, and Karnataka. Aparna Moonstone further strengthens the company's footprint in South India's evolving luxury real estate market, reflecting emerging urban trends and consumer aspirations.Read more