Real Estate

Godrej Properties Ltd has entered into a joint development agreement to construct a premium residential township on a 14-acre plot in Hoskote, East Bengaluru. The project, expected to yield approximately 1.5 million square feet of saleable area, carries an estimated revenue potential of Rs. 1,500 crore. This strategic move complements Godrej’s broader expansion strategy across high-growth urban corridors, including recent acquisitions in Pune and other Indian metros.

In a strategic resolution to a prolonged trademark conflict, Abhishek Lodha-led Macrotech Developers Ltd has officially rebranded itself as Lodha Developers Ltd, following approval from the Registrar of Companies. The move comes two months after a family-mediated settlement with Abhinandan Lodha, head of the House of Abhinandan Lodha (HoABL). As part of the agreement, both brothers now hold exclusive rights to their respective brands and have relinquished all claims against one another.

Godrej Properties Ltd, one of India’s most prominent real estate developers, has acquired a 14-acre land parcel in Hoskote, East Bengaluru, to build a premium residential project. The planned development is projected to generate approximately Rs. 1,500 crore in revenue and will offer around 1.5 million square feet of saleable area. This move aligns with the company’s strategy of deepening its presence in key urban micro-markets.

Ajmera Realty & Infra India Ltd. has reported a 12% decline in its consolidated net profit for the fourth quarter of fiscal 2024-25, posting a figure of Rs 25.28 crore, down from Rs 28.77 crore in the same period last year. The company also witnessed a fall in total income for the quarter, which dropped to Rs 153.69 crore from Rs 234.08 crore. However, despite the quarterly slump, Ajmera Realty recorded a solid growth in annual figures, with a net profit of Rs 125.95 crore for the full fiscal year, compared to Rs 102.84 crore in the previous year.

Mumbai-based real estate company Arkade Developers Ltd has acquired a strategic 6.28-acre land parcel in Thane for Rs. 172.48 crore, marking its formal entry into the burgeoning micro-market. The company plans to develop a large-scale mixed-use project on the site, with a gross development value (GDV) pegged at Rs. 2,000 crore. With a total saleable area of 9.26 lakh square feet, the project is expected to launch by early 2026. This acquisition signals Arkade’s intent to expand beyond its traditional Mumbai stronghold and tap into the high-growth potential of the MMR’s satellite cities.

In a landmark move aimed at dismantling long-standing corruption in Punjab’s revenue system, Chief Minister Bhagwant Mann and Aam Aadmi Party (AAP) leader Arvind Kejriwal jointly launched the 'Easy Jamabandi Portal'. The initiative enables residents to digitally access land records, apply for mutations, correct ownership details, and subscribe to updates—all from their homes, without interacting with revenue officials.

Raymond Ltd, a diversified Indian conglomerate best known for its legacy in textiles, is set to list its real estate arm, Raymond Realty Ltd, on the stock exchanges in the second quarter of FY26. The demerger, effective May 1, 2025, positions the real estate business as an independent entity, unlocking potential for focused growth and value creation. With regulatory approvals in place and a clear share allotment structure for existing shareholders, Raymond is reinforcing its transformation strategy—having already spun off its lifestyle division last year.

Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50% stake in the upscale residential redevelopment project ‘One Marina’ located on Marine Drive, and has raised Rs. 540 crore in funding from Singapore-headquartered investment firm PAG. The project, with an estimated revenue potential of Rs. 2,300 crore and a saleable area of 10 lakh square feet, marks a major push by Ashwin Sheth Group into South Mumbai’s premium real estate market.

Marking a significant entry into India’s residential real estate segment, global investment giant Blackstone has received regulatory clearance from the Competition Commission of India (CCI) to acquire a 40% stake in Kolte-Patil Developers Ltd. The Rs. 1,150 crore deal will be executed through a combination of preferential equity issuance and promoter stake purchase, followed by an open offer to public shareholders.

After an eight-year hiatus, Ayodhya’s circle rates have been significantly revised, witnessing increases ranging from 30% to 200%, with the sharpest hikes occurring within a 10-kilometre radius of the Ram Janmabhoomi Temple. The new rates, effective immediately, reflect the growing demand driven by religious tourism and infrastructure expansion. This recalibration affects residential, commercial, and agricultural land values differently, enhancing transparency in real estate transactions and improving property valuations.