20 May 2026

Godrej Properties has completed the handover of more than 500 plots at its Forest Estate project in Nagpur. The company also conducted the first Nagpur edition of its customer handover initiative, Shubh Aarambh, as part of the process. The development marks another milestone for the Mumbai-based developer in the plotted development segment, which has seen rising demand across several tier-II cities. In recent years, Godrej Properties has been expanding its residential presence beyond metro markets through plotted communities and township-style developments in locations with improving infrastructure and housing demand.Read more

20 May 2026

Ganesh Housing Corporation has launched Million Minds Tech City, an IT Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after the original land allotment process began. The proposed development is aimed at attracting Global Capability Centres (GCCs), technology companies and innovation-led businesses to Gujarat. Planned as a large integrated commercial hub, the project is expected to strengthen Ahmedabad’s position in India’s office leasing market as cities beyond Bengaluru and Hyderabad increasingly compete for technology and back-office investments from multinational occupiers.Read more

20 May 2026

• National Bank for Agriculture and Rural Development has acquired leasehold rights for a commercial complex in Bandra-Kurla Complex, Mumbai, from Mahanagar Telephone Nigam Limited for INR 350.72 crore.
• The transaction, registered in May 2026, involves an unexpired lease period of around 52 years for a property originally leased by Mumbai Metropolitan Region Development Authority in 1998.
• The asset comprises nearly 2,680 sq m of land and over 4,021 sq m of built-up space spread across two buildings at BKC Plot R-4.
• NABARD has taken over the property for institutional use and will directly hold the sub-lease under MMRDA.
• The financial institution will also assume future liabilities related to ground rent, taxes, maintenance charges and transfer-related payments from March 30, 2026 onwards.Read more

20 May 2026

• AVPL International will inaugurate Phase 1 of its proposed INR 80 crore ‘Drone City Haryana’ project at Sisai village in Hisar district on May 16.
• The project has secured INR 58.51 crore in incentives under the Haryana Enterprise and Employment Policy-2020 and is planned as an integrated drone manufacturing and training ecosystem.
• Spread across nearly 11.5 acres, the development will house 23 industrial sheds for drone and drone-component companies operating across sectors including agriculture, logistics and surveillance.
• The company expects the project to generate employment and entrepreneurship opportunities for more than 800 youth through manufacturing, technical training and drone operations.
• A parallel orientation initiative under the ‘500 Drone Udhami Scheme’ will train Scheduled Caste youth as drone entrepreneurs, pilots, technicians and agri-drone service providers in partnership with the Haryana Scheduled Castes Finance and Development Corporation.Read more

19 May 2026

Ashiana Housing Ltd has cancelled an agreement to lease land for a proposed housing project in Jaipur, according to a regulatory update shared by the company. The developer disclosed the decision in a brief filing during the past week but did not specify the reason behind the cancellation or provide financial details linked to the proposed transaction. The move comes at a time when real estate developers are becoming more selective in land acquisitions and project expansion plans amid rising land costs and changing market dynamics across key residential markets.Read more

19 May 2026

• Signature Global plans to invest around INR 3,500 crore during FY27 towards land acquisition and construction activities, primarily in the Gurugram region.
• The company has earmarked nearly INR 2,000 crore for construction and INR 1,000-1,500 crore for land purchases as it expands its residential and commercial portfolio.
• Chairman Pradeep Aggarwal said the Gurugram housing market witnessed some softness during the second half of FY26 but expressed confidence about demand recovery this fiscal year.
• Signature Global has set a sales bookings target of INR 10,000 crore for FY27, reflecting an expected 21% annual growth supported by new project launches and existing inventory sales.
• The company recently partnered with Italian lifestyle brand Tonino Lamborghini for a luxury housing project in Gurugram with an estimated investment of nearly INR 2,900 crore.Read more

Pune News Desk

19 May 2026

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more

18 May 2026

Kalpataru Ltd reported a multi-fold increase in consolidated net profit during the March quarter of FY26, supported by higher income, record pre-sales and sustained housing demand across key residential markets. The company posted a net profit of INR 200.47 crore during the quarter compared to INR 14.05 crore in the corresponding period last year. Total income for the quarter rose to INR 1,728.69 crore from INR 667.20 crore a year earlier. During FY26, Kalpataru achieved its highest-ever annual pre-sales of INR 5,280 crore and collections of INR 4,960 crore. The developer attributed the performance to strong execution, project completions and healthy demand across multiple micro-markets. The company currently has 31 ongoing and forthcoming projects spanning over 43.3 million sq ft across Mumbai Metropolitan Region and other major Indian cities.Read more

18 May 2026

Knowledge Realty Trust, a real estate investment trust backed by Sattva Group and Blackstone, reported strong financial and operational growth for the quarter ending March. The REIT announced a distribution of INR 716.6 crore to unitholders, supported by a 14% rise in net operating income to INR 1,053.3 crore. Leasing activity remained strong with 1.1 million sq ft added during the quarter, contributing to higher occupancy levels. For the full fiscal period, the trust recorded steady growth in income, improved leasing momentum, and a diversified office portfolio across major Indian cities.Read more

18 May 2026

Signature Global reported a substantial increase in consolidated net profit for the quarter ended March 2026, primarily supported by an exceptional gain arising from investment in a joint venture. The company posted a net profit of INR 1,152.40 crore during the quarter, compared to INR 61.12 crore in the corresponding period last year. Total income for the quarter also more than doubled to INR 1,195.22 crore. During FY26, Signature Global recorded consolidated net profit of INR 1,094.64 crore against INR 101.2 crore in the previous financial year, while annual income rose to INR 2,778.85 crore. The company disclosed an exceptional gain of INR 1,267 crore during the March quarter, which significantly contributed to the improved profitability.Read more