16 Jun 2026

Chennai-based residential developer Casagrand Premier Builder has received approval from the Securities and Exchange Board of India (SEBI) to launch its proposed INR 1,220 crore initial public offering (IPO). The offering comprises a fresh issue of equity shares worth INR 1,200 crore and an offer for sale of up to INR 20 crore by promoter entities. The company had filed its draft red herring prospectus in December 2025 and received SEBI’s observations on June 8, clearing the way for the public issue. A substantial portion of the proceeds will be utilised for debt reduction at both the company and subsidiary levels. The IPO comes as Casagrand continues to expand its presence across Chennai, Bengaluru, Hyderabad and Coimbatore, with a sizeable pipeline of completed, ongoing and upcoming residential projects.Read more

Mumbai News Desk

16 Jun 2026

Oberoi Realty infused INR 268.50 crore into its wholly owned subsidiary Centerstage Realty Private Limited on 9 June 2026, meeting the minimum paid-up capital requirement stipulated in the bid documents for the Railway Land Development Authority's Bandra East land parcel. The SPV, incorporated just a week earlier on 2 June 2026, will exclusively execute the development of approximately 45,371 sq m of railway land adjoining the Western Express Highway, leased for 99 years. This follows Oberoi's earlier first tranche payment of INR 247.50 crore to RLDA and its winning bid of INR 5,400 crore in February 2026.Read more

15 Jun 2026

Prestige Group and Bengaluru Airport City Limited (BACL) have announced a large mixed-use development within Bengaluru Airport City that will combine business, hospitality, cultural and lifestyle offerings in a single integrated ecosystem. The project will be anchored by a convention and exhibition centre and will also include luxury hotels, office space, retail and food and beverage facilities. With an estimated investment of around INR 1,800 crore, the development is expected to strengthen Bengaluru’s position as a major business and tourism destination while supporting economic activity and employment growth in the rapidly developing airport corridor.Read more

14 Jun 2026

Real estate developers and property companies are showing growing interest in AI-powered voice solutions as they seek to improve customer engagement, accelerate lead response times and streamline communication processes, according to Girikon.AI. The company said businesses are increasingly exploring conversational AI technologies to manage rising enquiry volumes and deliver more consistent customer experiences. AI-driven voice platforms are being used to automate routine interactions, qualify leads, schedule site visits and support multilingual communication. The trend reflects a broader digital transformation within the real estate sector, where customer experience and response speed are becoming important factors in lead conversion and sales performance.Read more

14 Jun 2026

Tribeca Developers and Tejukaya organised an exclusive five-day New York programme for their top-performing channel partners following the complete sell-out of Tower 1 at The Edge residential project in Parel, Mumbai. Branded as the ‘Edge Elite USA Voyage 2026’, the initiative was designed to recognise channel partner contributions to the project's launch success while providing exposure to global luxury real estate, hospitality and branded residential developments. The programme included visits to major New York landmarks, luxury hospitality experiences and an exclusive visit to Trump Tower. The developers said the initiative also served as a platform to strengthen industry relationships and deepen engagement with channel partners involved in the luxury housing segment.Read more

14 Jun 2026

Divyansh Group has announced plans to invest INR 300 crore in a new residential development in Hapur, marking its entry into the city’s housing market. The project will introduce Hapur’s first residential development built using Mivan construction technology and will feature high-rise towers rising up to G+27 floors. Positioned in the affordable luxury segment, the project will offer 3 BHK and 4 BHK apartments ranging from 1,880 sq ft to 2,435 sq ft. The investment comes amid increasing residential demand in emerging National Capital Region (NCR) markets, where improving infrastructure and connectivity are attracting homebuyers seeking larger homes outside established NCR locations.Read more

14 Jun 2026

Chennai-based developer Navin’s has launched ‘Brick by Brick’, a podcast series on ZEE5 aimed at helping homebuyers better understand the residential property purchase process. Premiering on June 5, 2026, with new episodes scheduled every Friday, the series features conversations with senior company executives covering topics such as project planning, customer experience, construction quality, location selection, builder credibility and long-term value creation. The initiative seeks to provide practical guidance to prospective homebuyers and address key considerations involved in purchasing a home. The teaser for the series was released on May 29, 2026, ahead of the official launch.Read more

13 Jun 2026

Terra Grande by Eldeco has announced a multi-location expansion across Himachal Pradesh and Uttarakhand following the complete sell-out of Phase I of its luxury second-home development in Sirmaur, Himachal Pradesh. The company plans to develop more than 100 residences across five projects spread over approximately 61.5 acres, including developments in Sirmaur, Solan and Narendra Nagar near Rishikesh. The expansion follows the sale of 39 villas in the first phase of its Sirmaur project, where homes were priced between INR 8 crore and INR 10 crore. The company is preparing the second phase of the Sirmaur development while adding three new projects to its pipeline, reflecting growing activity in the luxury second-home segment across mountain and wellness destinations in northern India.Read more

13 Jun 2026

Krisala Developers and Hiranandani Communities planted 1,045 trees in one minute at their integrated township in North Hinjawadi, Pune, as part of the NAREDCO Pune Urban Forest Initiative on World Environment Day. The plantation drive brought together more than 1,000 participants, including government officials, industry leaders, developers, environmental advocates and residents. The initiative aims to strengthen the township’s ecological infrastructure and enhance urban green cover. In collaboration with TERI, the developers have also established a framework to monitor environmental indicators such as carbon sequestration, biodiversity, air quality and thermal comfort, enabling the long-term assessment of the project's sustainability impact.Read more

13 Jun 2026

Superb Realty has partnered with Enlite to implement a cloud-native smart building platform across its commercial developments in Mumbai, including Superb Altura and an upcoming project in Vikhroli. The integration will cover approximately 3 lakh sq ft of commercial space and is aimed at enhancing operational efficiency, tenant experience and asset management through real-time building intelligence. Enlite’s technology will connect energy systems, air quality monitoring, access control and critical infrastructure into a unified digital platform. The collaboration reflects a growing trend among commercial developers to integrate advanced building technologies that support sustainability, predictive maintenance and operational performance across commercial real estate assets.Read more