Real Estate

NBCC (India) Ltd, a state-owned construction and real estate entity, has successfully sold 446 residential units in Noida, Uttar Pradesh, raising approximately Rs. 1,468 crore through an e-auction process. The sale pertains to Aspire Silicon City Phase-IV in Sector 76 and marks a crucial financial milestone in the government-led initiative to revive stalled Amrapali Group housing projects. Acting under the Supreme Court’s directive, NBCC is overseeing the completion of over 38,000 unfinished homes.

Casagrand, one of South India’s leading real estate developers, has formally entered the western Indian market with its debut in Pune. The company has acquired two premium land parcels in Upper Kharadi and Wagholi to launch high-end residential projects spanning nearly 19 acres. Known for its upscale developments in cities like Bengaluru, Hyderabad, and Chennai, Casagrand aims to tap into Pune’s fast-growing demand for luxury housing—driven by affluent professionals, a burgeoning NRI community, and a robust services sector.

Signature Global, a major player in India’s residential real estate sector, has projected a 21.5% increase in sales bookings for FY2025–26, targeting Rs. 12,500 crore on the back of robust demand and a pipeline of new project launches. The Gurugram-based developer, which recorded a 42% jump in sales bookings last fiscal, also posted a 48% rise in net profit for the March quarter. Despite a drop in Q4 income, the company reported a multifold increase in annual profit.

Real estate developer Elan Group has engaged Leighton Asia, part of the Australian CIMIC Group, with a Rs 1,100 crore contract to construct an ultra-luxury residential project named ‘Elan The Emperor’ in Gurugram’s Sector 106 along the Dwarka Expressway. Spanning nearly 5 million square feet, this development is a centerpiece of Elan’s expansive 50-acre integrated township. This collaboration reinforces Elan Group’s commitment to premium quality and global standards, following previous contracts worth Rs 1,800 crore for other projects.

ndia’s equity markets witnessed a remarkable resurgence on Thursday, with the benchmark BSE Sensex soaring by 1,200.18 points, marking a seven-month high at 82,530.74. The NSE Nifty breached the psychologically significant 25,000 level, closing at 25,062.10 for the first time since October 2024. This rally was fueled by across-the-board buying across key sectors, including banking, automobile, IT, and oil & gas, alongside fresh inflows from foreign institutional investors.

Keystone Realtors Ltd, operating under the Rustomjee brand, posted a significant rise in its fourth-quarter consolidated net profit, which more than doubled to Rs. 66.95 crore from Rs. 30.47 crore in the same period a year ago. This growth was achieved despite a decline in total income, which fell to Rs. 642.20 crore. For the full fiscal year 2024–25, the company’s profit surged 69% to Rs. 188.13 crore.

In a striking affirmation of India’s growing appetite for ultra-luxury real estate, Smartworld Developers and Tribeca Developers announced a complete sell-out of their Trump-branded residential project in Gurugram on launch day, amassing sales worth Rs. 3,250 crore. All 298 high-end units, priced between Rs. 8 crore and Rs. 15 crore, were snapped up, reflecting robust demand from affluent buyers in the Delhi-NCR region.

India’s retail real estate market is on the brink of a transformative growth phase, with 166 million square feet of new Grade A mall space expected across seven major cities by the end of 2026. Fueled by a persistent demand-supply mismatch and a surge in leasing activity, the upcoming supply will be led by Hyderabad and Delhi-NCR, which will account for 65% of the total. While some experts warn of oversupply risks, industry leaders remain optimistic, pointing to strong absorption rates and rising demand in Tier II and III cities.

In a significant real estate transaction that could shape the future development of Mumbai’s Kurla region, ILP 4 India 1 Pvt Ltd has acquired a 3.95-acre land parcel from Shree Aditya Finwealth for Rs. 193.5 crore. The acquisition, officially registered in May 2025, includes existing buildings and falls under an industrial land use classification per Mumbai’s Development Plan 2034. This strategic purchase not only reflects ILP 4 India's expanding footprint in the infrastructure sector but also underscores the growing demand for high-value land in India’s financial capital.

Mumbai-based Arkade Developers Ltd has posted a striking 70% surge in net profit for the March quarter, highlighting the company's strong operational momentum and the buoyancy of India’s real estate sector. The firm reported a consolidated net profit of Rs. 33.26 crore, up from Rs. 19.61 crore during the same period last year. For the full fiscal year 2024–25, Arkade’s profits climbed to Rs. 156.92 crore, while total income rose 9.25% to Rs. 694.60 crore.