27 Mar 2026

Puravankara Limited has reported a 60% increase in enquiries at its Middle East office in recent weeks, driven by renewed interest from Indian investors amid geopolitical tensions in the Gulf region. The company typically receives 150-200 enquiries per week, with the recent uptick linked to deferred buying decisions being revived. Alongside this trend, the developer has announced plans to launch 30 projects across South India and Mumbai over the next 24 months, with a gross development value exceeding INR 55,000 crore. The development reflects shifting investment patterns among overseas buyers while maintaining a cautious outlook on long-term implications for Gulf real estate markets.Read more

Bangalore News Desk

27 Mar 2026

Embassy Developments Limited has disclosed that its subsidiary, Embassy East Business Park (EEBP), has been directed by the Karnataka Industrial Areas Development Board (KIADB) to surrender approximately 78 acres of land in the Kadugodi Industrial Area, Bengaluru, within 30 days. The order, issued earlier this month under provisions of the Karnataka Industrial Areas Development Act, 1966, alleges violations of a lease-cum-sale agreement executed in 2007 and valid until 2029. KIADB has cited unauthorised agreements with third parties as the basis for action. The company has denied the allegations, stating that all sub-lease arrangements were undertaken with necessary approvals. It is currently evaluating legal options and plans to challenge the directive before the Karnataka High Court.Read more

26 Mar 2026

Arkade Developers Ltd. has launched Arkade Evoke, a luxury residential project in Goregaon West with an estimated gross development value of INR 230 crore. Spread across 1.09 acres, the project comprises premium 2 and 3 BHK apartments and marks the developer's eighth project in the Goregaon-Malad corridor. The location benefits from connectivity through key transport infrastructure, including a nearby metro station. The launch reflects sustained demand for premium housing in established western suburbs, with a focus on design-led layouts and enhanced liveability features catering to evolving buyer preferences in Mumbai's residential market.Read more

26 Mar 2026

Brigade Enterprises Ltd has launched a new residential project, Brigade Belvedere, with an estimated revenue potential exceeding INR 11 billion. The initial phase of the project includes two residential towers offering 773 premium housing units. The launch reflects the company's continued focus on expanding its residential portfolio amid steady housing demand in key urban markets. Brigade Group has been actively introducing new developments in recent years to strengthen its presence, particularly in the mid to premium housing segment, aligning with evolving buyer preferences and urban growth trends.Read more

26 Mar 2026

Larsen & Toubro has reported that more than 95 per cent of its project sites in West Asia continue to operate normally despite escalating geopolitical tensions linked to the ongoing regional conflict. The company, which has a significant exposure to markets such as Saudi Arabia, the UAE and Qatar, indicated that only a small proportion of projects near sensitive zones have been temporarily paused. While operations remain largely stable, the company has flagged emerging risks including supply chain disruptions and rising insurance costs. West Asia continues to account for a substantial share of L&T's international order book, underlining the region's importance to its overall business operations.Read more

25 Mar 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders worth around INR 4,439 crore in its transmission and distribution (T&D) segment, covering projects across India, Africa, and Sweden. The contracts include high-voltage transmission lines and substations, strengthening the company's global presence. With these additions, KPIL has crossed its annual order intake target of INR 26,000 crore. The development reflects steady demand for power infrastructure and highlights the company's strong position in the EPC space, supported by its diversified portfolio across infrastructure segments.Read more

25 Mar 2026

Indiabulls has entered into a joint venture to develop a 2.38-acre commercial project in Gurugram with an estimated value of around INR 600 crore. The development will include office, retail, F&B and service apartment components along the Dwarka Expressway. In parallel, TARC has launched an additional phase at its residential project in Sector 63A after acquiring adjoining land. The expansion will add six towers and 518 units, taking the total development potential to about 1.7 million sq ft with a GDV of nearly INR 3,600 crore, reflecting steady demand in the micro-market.Read more

25 Mar 2026

Real estate developers in Odisha have urged the state government to simplify and speed up the land conversion process, highlighting delays and rising costs due to multiple approvals. Industry bodies say the current system involves several departments, outdated records, and inconsistent decisions, which slow down project timelines. Developers have recommended adopting models followed in states like Maharashtra and Karnataka, where conversion is linked with building approvals. They believe these reforms can improve transparency, reduce costs, and support faster growth in cities such as Bhubaneswar where real estate demand is increasing steadily.Read more

24 Mar 2026

Shapoorji Pallonji Real Estate has launched Nine Arcs, a premium residential project in Santacruz East, Mumbai, featuring a 14-storey tower inspired by European neo-classical architecture. The development includes 137 residential units and 9 commercial spaces, with 2 and 3 BHK homes sized between 671 sq ft and 1338 sq ft. Located near key connectivity points like the Western Express Highway and Bandra Kurla Complex, the project offers rooftop amenities, curated retail, and private decks. Prices start from INR 2.99 crore, targeting professionals and urban homebuyers.Read more

24 Mar 2026

Max Estates Ltd has launched a residential project, 'Estate 105', in Sector 105, Noida, with an estimated gross development value (GDV) of INR 3,000 crore for the first phase. The development is part of a larger 10.33-acre planned community and will comprise 270 residential units across two towers. The company indicated that the GDV reflects the expected sales value of units offered within the initial phase. The launch adds to Max Estates, portfolio in the Delhi-NCR region, where it continues to expand its residential presence. The project comes amid ongoing activity in the Noida housing market, driven by demand for organised residential developments.Read more