16 May 2025

Brigade Enterprises Ltd has acquired a 5.41-acre land parcel on Velachery Road in Chennai for INR 441.7 crore, aiming to develop a housing project with a gross development value (GDV) of approximately INR 1,600 crore. The Bengaluru-based real estate firm announced the acquisition in a regulatory filing earlier this week. The project is expected to offer around 0.8 million square feet of residential space. Managing Director Pavitra Shankar stated that the acquisition aligns with the company's strategy to expand its footprint in Chennai, which has now become its second largest market after consistent investments in business development.Read more

16 May 2025

Abhinandan Lodha has unveiled a new identity for his holding company, now named Abhinandan Ventures, a rebranding that occurred shortly after settling a branding dispute with his elder brother, Abhishek Lodha, the head of Macrotech Developers. Previously operating under the Lodha Ventures moniker, the entity has been restructured to align with its tech-driven, consumer-centric business philosophy. Established in 2015, Abhinandan Ventures has evolved into a diversified group with interests spanning real estate, private equity, education, and emerging consumer sectors. The group's portfolio comprises prominent ventures like The House of Abhinandan Lodha, Tomorrow Capital, BeyondSkool, and the Sheetal Lodha Foundation.Read more

16 May 2025

Rajasthan has launched eight new residential projects to boost urban housing, unveiled by Urban Development and Housing Minister Shri Jhabar Singh Kharra. The Jaipur Development Authority introduced three plot-based schemes-Ganga Vihar, Yamuna Vihar, and Saraswati Vihar-offering a total of 765 plots via a lottery system, with prices ranging from INR 14,000 to 15,500 per sq m. Meanwhile, the Rajasthan Housing Board launched five projects across Jaipur, Baran, Bundi, and Dholpur, adding 427 units. These include premium HIG flats in Jaipur and affordable homes in smaller towns, reflecting the state's push for inclusive urban development and housing access across income groups.Read more

15 May 2025

SGRE Fund, an Alternative Investment Fund (AIF) launched by the promoters of Nirala World and Sea Fund, has invested INR 125 crore in two distressed housing projects in Delhi-NCR, with plans to further expand its investment portfolio. Registered under Category II with the Securities and Exchange Board of India (Sebi), the fund aims to provide financial support to struggling real estate projects for their revival and completion. Suresh Garg, the fund's lead promoter, revealed that SGRE Fund has applied for a second scheme targeting up to INR 500 crore. The fund will consider investments in both residential and commercial projects, focusing on those that are economically viable, legally clear, and seeking initial funding to qualify for SWAMIH funding.Read more

15 May 2025

The Indore Municipal Corporation (IMC) has given in-principle approval for constructing over 1,000 affordable housing units in Gram Sindhora under PMAY 2.0, targeting economically weaker sections. The plan was approved during a mayor-in-council meeting, reflecting IMC's focus on addressing housing shortages. The meeting also cleared the formation of a Disaster Management Cell, appointing trained volunteers in each ward. Additional initiatives include city beautification through public participation, a survey and registration drive for street vendors, reimbursement for concessional travel passes, and a PPP-led clothes reuse project under the 3R model. These efforts aim to build a more inclusive, resilient, and sustainable Indore.Read more

14 May 2025

Hiranandani Communities, Krisala Developers, and Della Resorts and Adventure have partnered to develop a racecourse-themed township near Pune, with a budget of INR 550 crore. This 40-acre development will have a revenue potential of INR 1,100 crore. Della's Chairman, Jimmy Mistry, mentioned that this type of themed project increases builder receivables by 40%. The project will include a resort, conference and wedding venues, villas, and an 8-acre racecourse. Della aims to launch 10 such themed townships by FY26, targeting a revenue potential of INR 20,000 crore.Read more

14 May 2025

L&T Realty has made its first outright land purchase with the acquisition of a 34-acre plot in Panvel, Navi Mumbai, for over INR 102 crore from three landowners. Marking a strategic shift from its usual joint ventures and development agreements, the move strengthens the company's footprint in Navi Mumbai. The land, currently zoned for industrial use, has sparked speculation on whether it will be used for residential development or as a precast manufacturing facility. This follows L&T Realty's recent JV at Bandra Reclamation and a major redevelopment project in Thane, reinforcing its expansion strategy across high-growth urban regions.Read more

14 May 2025

Bollywood actress Amrita Puri, along with her parents Aditya and Anita Puri, has acquired a luxury apartment in the prestigious Lower Parel area of Mumbai for INR 37 crore. The 5,446.53 sq ft property is situated on the 49th floor of Lodha Group's World One tower, a part of the lavish World Towers development. The transaction, which was officially registered earlier this year, included a stamp duty of INR 2.22 crore and additional registration charges. The family also secured four dedicated car parking spaces with the purchase.Read more

14 May 2025

Macrotech Developers Ltd, a prominent real estate firm operating under the 'Lodha' brand, is poised to enter the Delhi-NCR residential market, aiming to acquire land for group housing projects. The Mumbai-based company, which already has a substantial presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, is exploring opportunities in Delhi-NCR to capitalise on the region's growth potential. Executive Director-Finance Sushil Kumar Modi stated that Macrotech plans to initiate pilot projects to better understand the market dynamics before scaling up operations. The firm has been actively acquiring land parcels, having already invested INR 7,000 crore in the last fiscal and targeting a further investment of over INR 8,000 crore this year.Read more

13 May 2025

Anarock, a prominent real estate consultancy firm, indicated that housing sales in north India could witness a short-term decline of 5-10 per cent of the ongoing conflict between India and Pakistan intensifies. The demand for office and retail spaces may also experience temporary disruptions, although a major downturn is not anticipated. The consultant highlighted potential delays in luxury housing purchases, while mid-income housing is expected to recover first once stability is restored. Additionally, retail footfall in shopping malls may drop, and hotel occupancies in affected regions like Delhi and Kashmir might decline by 10-15 per cent. However, a surge in domestic leisure travel is projected once tensions subside.Read more