Property / C'struction
ICICI Prudential AMC buys over 0.5 million sq ft office space in Bengaluru for Rs 626 crore
In a significant investment, ICICI Prudential Asset Management Company has finalized the purchase of a prime commercial property located on Kanakapura Main Road in Bengaluru for about Rs 626 crore, acquiring a 56% share in the Purva Zentech tower. This acquisition targets the growing demand for top-grade office space fueled by technology companies and global capability centers.
Veegaland Developers revenue rose 79% to Rs 74 crore in Q1 FY27
Veegaland Developers has reported a 79% increase in revenue from operations in the first quarter of FY 2027. Profit also rose to Rs 9.72 crore, up from Rs 3.21 crore the previous year. The company launched a new residential project, Veegaland Amora, in Kochi which adds to its portfolio.
Max Estates sales bookings surge over 13-fold to Rs 2,100 crore in Q2
Max Estates reported a sharp rise in sales bookings to Rs 2,100 crore in the July-September quarter, up from Rs 156 crore a year ago, driven by strong housing demand. The realty firm recorded Rs 3,200 crore in pre-sales in the first half and plans major residential launches across Noida and Gurugram.
India’s operational data centre capacity on track to reach 2 GW by the end of the year
India's data centre market added about 130 MW of new capacity in H1 2026 and expects more growth. The total operational capacity is projected to reach 2 GW by the end of the year. Mumbai continues to dominate this expansion and accounts for almost all new supply added. Over USD 38 billion in investment commitments were made during the first half of the year.
Experion Developers plans Rs 10,000 crore investment to build 3,000 luxury homes, plots in 5 years
Experion Developers, an Indian real estate platform, plans to invest Rs 10,000 crore in luxury homes. The investment will facilitate the development of approximately 3000 homes and plots over five years. Most of the projects will be located in the National Capital Region, with others in Amritsar, Lucknow, and Goa. The focus of the developments will center around wellness and environmentally responsible construction methods.
Private equity inflows into Indian real estate jump 23% to $2.7 billion in H1 FY27
Private equity investment in Indian real estate surged to USD 2.7 billion in H1 FY27. Domestic investors contributed significantly, deploying USD 1.3 billion across various deals. The office asset class continues to gather attention, attracting 35% of total investments. Investment trends indicate a shift towards new-age assets, particularly data centres, which showcased considerable growth. Overall, investor confidence improved, showcasing a clear recovery and commitment to the Indian real estate market.
Gaurs Group sells 1,088 flats for Rs 1,800 cr in new housing project in NCR
Gaurs Group has successfully sold 1,088 apartments in its new project located on Yamuna Expressway. The total sales amounted to Rs 1,800 crore since the project's launch in early August. This project, named Gaur Alaris, spans over 12 acres in Sector 22D. The strong customer response reflects the potential of the Yamuna Expressway as a residential area.
India housing market sees sharper divergence across cities, price band
India's residential property market exhibited stable sales during January-September when compared to the previous year. Major markets like Mumbai, Bengaluru, and Kolkata demonstrated positive trends, while NCR faced a significant decline. Higher-ticket homes are increasingly preferred, with sales of properties priced above Rs 1 crore climbing sharply. Sales for lower-priced segments, however, experienced a downturn, reducing buyers' options.
Embassy Developments sells 477 homes for Rs 1,800 cr in township project at Bengaluru
Embassy Developments achieved pre-sales of over Rs 1,800 crore for 477 homes in Bengaluru. The sales occurred within a week of launching the Embassy Origins township project. This project includes 217 villas and 855 apartments, offering significant saleable space. The company projects a revenue of Rs 4,500 crore from these launches in the future. Embassy Group has a longstanding history of delivering substantial residential area in Bengaluru.
DLF has reported Rs 1985 crore sale from its first senior living project in Gurgaon.
DLF Ltd announced the complete sell-out of its senior living project 'The Aureva' located in Gurugram. The project consists of 172 luxury residences, achieving total sales of Rs 1,985 crore. The average price per apartment has been noted at Rs 11.5 crore. The company emphasises the growing demand for premium residential offerings catering to senior citizens and their needs.
Must Watch
Average home prices in Delhi-NCR rise maximum at 12 pc annually in Jul-Sep: Anarock
Housing prices in the Delhi-NCR region experienced an annual increase of 12 percent during the July-September quarter. This rise is attributed to increased input costs and a focus on luxury projects by builders. Average residential prices increased to Rs 9,980 per sq ft from Rs 8,900 per sq ft last year. Demand for housing remains steady, supported by evolving infrastructure and employment opportunities.
Homebuyers of Supertech projects worried over constant delay to approach Supreme Court
Homebuyers of 16 stalled housing projects by Supertech are planning to approach the Supreme Court again. They are frustrated with the lack of progress since NBCC took over construction nearly two years ago. According to buyers, the delay has severely affected their living situations, as many flats remain undelivered. NBCC has proposed a timeline for construction to begin by January 2027, citing various regulatory challenges.
Singhania family’s JKC Sports plans ₹150 crore sports infrastructure expansion
JKC Sports intends to invest ₹100 to ₹150 crore in sports infrastructure and technology over four years. The venture has already invested a similar amount in its initial phase over the last four years. It owns various sports franchises and is involved in developing new sporting IP. JKC Sports evaluates opportunities in multiple disciplines including cricket, bridge, and wrestling.
India's housing construction pipeline nearly doubles to $430 billion in 2025: Report
India’s housing construction pipeline nearly doubled to $430 billion in 2025 from $235 billion in 2019, reflecting strong post-pandemic demand, according to a CREDAI-Anarock report. Residential projects accounted for 85% of total real estate under construction, while the broader pipeline across residential and commercial segments reached $503 billion in 2025.
West Bengal finance minister says Urban Land Act has to go
Swapan Dasgupta highlighted the need to repeal the Urban Land Ceiling Act for development in West Bengal. Developers expressed challenges in acquiring large land parcels due to existing regulations. The local real estate market is expected to thrive with government reforms and improved infrastructure. Kolkata's economic position can facilitate greater investment opportunities and development networks. Overall, sustained demand and rising land prices indicate a promising future for the sector.
