18 Mar 2026

Sundaram Home Finance Ltd has initiated its affordable housing segment in Puducherry, aiming to disburse over INR 10 crore in the initial phase. The Chennai-based company recently expanded this business vertical into Karnataka, Andhra Pradesh, and Telangana. Highlighting Puducherry's growth as an education and employment hub, the company sees significant potential in small, affordable housing communities on the outskirts. Earlier, the company crossed 100 branches in this segment, with more than half in Tamil Nadu. Its emerging business, combining small business and housing finance, recorded a net profit of INR 212 crore on disbursements of INR 4,911 crore.Read more

18 Mar 2026

Kalpataru Projects International Limited (KPIL) has added orders valued at INR 2,471 crore, including an underground metro rail project through a joint venture. The company has also received assignments in power transmission and distribution both domestically and overseas, as well as in the buildings and factories segment in India. With these additions, KPIL's total order book for the current financial year has reached around INR 22,000 crore, reflecting strong demand in urban infrastructure, T&D, and construction sectors. The company's performance indicates continued growth and sectoral buoyancy.Read more

Kochi News Desk

18 Mar 2026

The Bliss City project in Kakkanad, Kochi, is moving closer to development as Kochi Metro Rail Limited (KMRL) has started leasing portions of land to investors to accelerate the long-planned mixed-use township. Spread across about 31.43 acres near the district collectorate at Kunnumpuram, the project is designed to include commercial, retail, hospitality and institutional spaces. Authorities have already leased around 3.41 acres and expect construction to begin soon. The development is also planned as a non-fare revenue initiative for the Kochi Metro system while supporting Kakkanad's fast-growing role as an IT and administrative hub.Read more

Kochi News Desk

18 Mar 2026

The Kerala State Housing Board has moved forward with the Marine Eco City project planned along Kochi's Marine Drive, appointing NBCC (India) Limited as the project management consultant for the first phase of the development. The initial phase, estimated to cost about INR 480 crore, will include a mixed-use residential and commercial tower on a 3.16-acre site within a larger 17.9-acre waterfront project area. The development will feature residential apartments, retail spaces, office floors and recreational facilities. The larger multi-phase project will also include hospitality infrastructure, convention facilities and additional residential towers.Read more

17 Mar 2026

The National Company Law Appellate Tribunal (NCLAT) has permitted Brookfield-backed Chronos Properties to replace its bank guarantee for the Bandra Kurla Complex (BKC) headquarters property of IL&FS, which expired earlier this month. Chronos original bid was INR 1,080 crore, later revised to INR 1,481 crore under value-maximisation framework. The tribunal allowed the company a week to submit a fresh demand draft and confirmed that its earlier interim order restricting IL&FS from creating third-party rights on the property will continue until the appeal is decided.Read more

17 Mar 2026

Bengaluru-based real estate developer Brigade Enterprises Ltd has announced its entry into the industrial real estate segment with the launch of a 25-acre industrial park in Devanahalli, North Bengaluru. The proposed development, titled Brigade Industrial Park, will offer around 2 million square feet of leasable space aimed at high-growth sectors such as aerospace and defence, IT and IT-enabled services, and data centres. The company did not disclose the investment required for the project. In a separate development, the company's managed workspace subsidiary BuzzWorks has leased 550 office seats to Dublin-based regulatory technology firm MyComplianceOffice in Hyderabad, taking BuzzWorks total leased office footprint in the city to approximately 1.1 lakh square feet. Brigade Enterprises continues to expand its presence across multiple real estate segments including residential, commercial and hospitality projects.Read more

17 Mar 2026

Gera Developments has appointed Rajesh Yashwant Shirwatkar as its new Chief Financial Officer to strengthen the company's financial leadership as it expands its real estate operations. Shirwatkar will oversee financial planning, strategy, treasury, compliance, and governance. At the same time, Swapan Mukherjee has been elevated to the position of Group Chief Financial Officer and will supervise financial operations across the broader organisation. The leadership changes are aimed at strengthening the company's financial structure and improving oversight as the Pune-based developer continues to scale its residential development portfolio.Read more

16 Mar 2026

Puravankara Limited's associate, KVN Property Holdings LLP, has obtained registration from the Karnataka Real Estate Regulatory Authority (KRERA) for the new residential project Northern Lights by Puravankara KVN in the Hitech, Defence and Aerospace Park area of North Bengaluru. The approval covers all three phases of the development and clears an important regulatory step required to start marketing and sales. The project is expected to be officially launched soon, adding to the company's expanding housing portfolio in Bengaluru, a city that continues to see strong demand for residential space.Read more

16 Mar 2026

Delhi-NCR based real estate developer Gaurs Group reported sales bookings worth INR 5,347 crore during the first nine months of FY2025-26, marking a 12 per cent increase compared with INR 4,786 crore recorded during the same period of the previous fiscal. The company sold around 5.92 million square feet of property across 2,578 units between April and December of the ongoing financial year, with residential developments contributing nearly 95 per cent of total bookings. Company officials attributed the performance to sustained demand for planned residential developments in the National Capital Region. Gaurs Group, which is currently unlisted but is considering a future initial public offering, has developed more than 100 million square feet of real estate and delivered over 75,000 homes across 70 projects. The company continues to expand its development pipeline, particularly along the Yamuna Expressway corridor.Read more

16 Mar 2026

Godrej Properties has acquired a 44-acre land parcel in Coimbatore to develop a premium plotted residential project with an estimated revenue potential of around INR 450 crore. The project will offer housing plots with a developable potential of about 1.1 million square feet. The company secured the land through an outright purchase but has not disclosed the acquisition cost. The development is part of the company's strategy to expand plotted developments in high-growth cities across India. Coimbatore's stable economic base and strong end-user demand have been key factors influencing the company's entry into the market.Read more