2 hours ago

Embassy Developments Ltd has awarded a construction contract worth over INR 850 crore to Leighton Asia for its residential development Embassy Citadel in Worli, Mumbai. The company confirmed the development through a regulatory filing earlier this week, stating that the contract includes complete civil and structural works for the project. The development spans a total developable area of 1.6 million sq ft. Embassy Developments, which operates across major Indian cities including Bengaluru, Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore, continues to strengthen its presence in large-scale residential construction projects through structured partnerships.Read more

8 hours ago

Embassy Developments Ltd plans to invest between INR 1,800 crore and INR 2,000 crore in construction activities during FY27 as it accelerates execution across residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. The company, part of the Embassy Group, aims to ensure timely delivery amid rising construction costs driven by higher raw material prices and labour expenses. The developer has also set an ambitious sales bookings target of INR 8,000 crore for the current fiscal, supported by planned housing launches worth nearly INR 20,000 crore. The move follows a strong FY26 performance in which sales bookings more than doubled to INR 4,631 crore, reflecting sustained demand for projects developed by established real estate brands.Read more

9 hours ago

Shriram Properties has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru, marking another addition to its residential development pipeline. The company said the proposed project has a gross development value (GDV) potential of more than INR 6 billion. The move comes as Bengaluru continues to see strong residential demand, particularly in emerging growth corridors driven by infrastructure upgrades, employment hubs and improving connectivity. The project is expected to strengthen Shriram Properties’ presence in one of the city's key housing markets.Read more

16 Jun 2026

• Kerala’s proposed AI-enabled township under Infopark Phase III in Kochi is facing legal challenges, delaying the progress of the large-scale technology project.
• Spread across nearly 300 acres, the development is expected to attract investments of around INR 25,000 crore and create about two lakh direct jobs.
• The project is being developed through a land-pooling model involving the Greater Cochin Development Authority (GCDA) and Infopark.
• Legal disputes linked to land acquisition and project approvals have emerged as key hurdles despite progress in planning and stakeholder consultations.
• The township remains a major part of Kerala’s strategy to expand its IT infrastructure and meet growing demand for technology and office space in Kochi.Read more

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