BUSINESS
DLF debuts in Mumbai with 'The Westpark' launch on July 17, 'premium' homes for Rs 5.5-7.5 crore
The Gurugram-based real estate firm will launch The Westpark project at the Oshiwara neighbourhood of Mumbai's Andheri suburb.
BUSINESS
Realty Boom: Certus Capital completes early private credit deal exits worth Rs 250 crore
All the deals, which were in the form of structured credit, were extended to multiple developers in Mumbai, Pune and Chennai. Some of investments were made to take over the debt component of projects from other lenders.
BUSINESS
Home prices rise 3.5% in April–June sequentially, new supply slows: data
On a year-on-year basis, home prices grew by nearly 24 percent during the reported period, according to a report from Magicbricks.
BUSINESS
Mumbai's runaway rents cool down as supply increases, redevelopment slows in most suburbs
According to brokers, rent increases in western suburbs such as Andheri, Goregaon, Malad, and Borivali have gone down to levels mirroring regular inflation, while those in Bandra, Khar, and Santacruz remain slightly higher.
BUSINESS
A Yen For India: Japan steps up as US, Canada pull back from Indian realty
Over the past three to four years, most major Japanese conglomerates have lined up extensive investments, mainly in equity, but with some debt as well.
BUSINESS
Adani Group may raise another $2 billion in coming quarters, FY26 fundraising could hit $5 billion
The funds are being mobilised across a mix of instruments, including non-convertible debentures, equity infusions and project-level refinancing
BUSINESS
IPO-bound flex space firm Smartworks to focus on mid-large corporates on growth path, say founders
Smartworks is slated to be the second major flex space player to head to a public listing, after Awfis Space Solutions listed last year
BUSINESS
Amid US uncertainty, HNIs choose Caribbean, Gulf, EU residency programmes
Statements by US administration officials regarding suspension of the EB-5 visa-by-investment programme has triggered apprehension in the minds of investors.
BUSINESS
CCI orders UltraTech, Dalmia, major cement dealer to furnish finances in ONGC tender case
The original complaint was filed by ONGC against the three cement makers in 2020. After its investigation, CCI also ordered Agarwal to be arrayed as a party in the matter.
BUSINESS
Filmistan Studios prepare to pack up as Arkade Developers plans project with Rs 3,000-crore GDV
Arkade said in a release that it is planning to build two 50 storied luxury towers at the project, featuring three, four, and five bedroom apartments.
BUSINESS
Aim to reach top three in decorative paints within three years: Parth Jindal
JSW Paints MD Parth Jindal noted that while AkzoNobel's Dulux has significant market share in the premium segment and JSW Paints has good sales in the value market, the partners will work out the distribution model based on geography
BUSINESS
Developers pull back luxury supply in Mumbai amid declining sales; shift focus to affordable segment
Market sources said that sales in marquee luxury projects in Mumbai, both in the island city and suburbs, have halved in some cases — particularly in south-central Mumbai and parts of the western suburbs.
BUSINESS
Willing to walk away from redevelopment talks if deal is not viable: Raymond CMD Singhania
Raymond Realty’s Managing Director and CEO Harmohan Sahni said the company, which follows a broad redevelopment-led growth strategy, will seek margins of at least 20 percent from all projects, whether redevelopment or otherwise.
BUSINESS
Actis-Mahindra Lifespace JV launches industrial and logistics park with Rs 800 crore investment
The joint venture, Ample Parks, was launched in 2022, with the investment plans being announced last year
BUSINESS
Ambuja Neotia group may list hospitality business in FY27, consolidation of properties underway
Of the estimated group turnover of Rs 2,000 crore in FY25, around 25 percent came from the hospitality segment.
BUSINESS
DLF gets RERA approval for Andheri project; monsoon may delay launch
The project has been named The Westpark, according to documents submitted by Pegeen Builders and Developers, a wholly owned subsidiary of DLF.
BUSINESS
JP Morgan pre-leases 1.16 lakh sq ft office space in Mumbai's BKC for Rs 6.9 crore/month
The banking giant leased the space at an upcoming development of Japanese firm Sumitomo Realty's India unit
BUSINESS
Current real estate cycle still has 3–4 years left: Raymond Realty CEO
The real estate arm of Raymond Group reported a topline of around Rs 2,300 crore in FY25 — a growth of over 40 percent year-on-year — while its profit before tax stood at around Rs 372 crore. The company’s management has guided for annual growth of around 20 percent in pre-sales bookings over the next few years.
BUSINESS
IPO-bound Kalpataru bets on premium segment to drive sales in a plateauing market
The company’s management noted that any perceived slowdown at the upper end of the market may be due to above-market pricing and landmark deals, which have raised expectations among some developers.
BUSINESS
JSW Paints may have bought itself a lifeline with AkzoNobel India stake purchase
JSW Paints, which has failed to capture a meaningful market share in decorative paints business, is reported to have emerged as the winning bidder for AkzoNobel NV's stake in its India subsidiary, AkzoNobel India, for around Rs 9,000 crore
BUSINESS
MHADA floats Kamathipura cluster redevelopment tender; 6 million sq ft may be available for free sale
The Kamathipura cluster redevelopment was stuck due to the large number of tenants and private landowners, and the delay in finalising a compensation structure.
COMPANIES
NDR Group to add 4-5 million sq ft to InvIT, tap new markets
The company plans to do it through a right of first offer. It is targeting markets that are seeing rising demand, such as Odisha and the Northeast.
BUSINESS
Ashwin Sheth group partners with PAG to acquire 50% stake in stressed One Marina project
The $65 million funding from PAG enables construction progress, as well as facilitates the exit of one of the lenders to the project
BUSINESS
Raymond's plan to list realty businesses in July-August unchanged: Sources
In December 2024, Raymond Chairman Gautam Singhania told Moneycontrol that the realty operations may be listed separately in August 2024, after the demerger from the parent.
