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Macrotech Developers raises FY25 pre-sales guidance by a fifth to Rs.17,500 crore

Bengaluru, April 24 -- Macrotech Developers Ltd, which operates under the 'Lodha' brand, has raised its 2024-25 pre-sales guidance by 20% to Rs.17,500 crore, supported by strong demand and a robust la... Read More


From Shantigram to Dharavi: How the rise of Adani's realty play threatens DLF

Bengaluru, April 23 -- "Mumbai is my second home," billionaire businessman Gautam Adani said in a statement, a day after the much-awaited Dharavi redevelopment survey began on 18 March. "Dharavi is no... Read More


Century Real Estate raises Rs.450 crore from Edelweiss to buy land and pay debts

Bengaluru, April 17 -- Century Real Estate Holdings Pvt Ltd has secured Rs.450 crore of debt financing from Edelweiss Alternative Asset Advisors Limited, the asset management arm of financial services... Read More


Mint Primer: Why PE funds are investing less in real estate

New Delhi, April 15 -- Private equity (PE) investments in India's real estate have been falling over the last five years, through a residential boom and recovery in the commercial office segment. Whil... Read More


Prestige Group sets record with FY24 sales topping Rs.21,040 crore

BENGALURU, April 8 -- Real estate developer Prestige Group clocked Rs.21,040 crore worth of home sales in fiscal year 2023-24 (FY24), setting a record for the highest annual sales by any developer, am... Read More


Indiabulls Real Estate to raise Rs.3,911 cr via preferential allotment

Bengaluru, April 6 -- Indiabulls Real Estate Ltd. (IBREL) said its board has approved raising Rs.3,911 crore through a preferential allotment from a group of investors, including Embassy Group, global... Read More


Prestige Group buys Bengaluru land parcel for Rs.450 crore

BENGALURU, April 4 -- Real estate developer Prestige Group has acquired 21 acres of land in Bengaluru's key tech corridor, Whitefield, for Rs.450 crore. The acquired land has been earmarked for a resi... Read More


ADIA, Kotak to invest Rs.2,001 crore in four housing projects of Prestige Group

BENGALURU, April 1 -- The Abu Dhabi Investment Authority (ADIA) and Kotak AIF will invest Rs.2,001 crore in four residential projects by real estate developer Prestige Group. The funds will be used to... Read More


'Mumbai real estate market thrives amid end-user demand'

New Delhi, March 30 -- The Mumbai Metropolitan Region (MMR), India's most valued real estate market, is currently experiencing a surge in end-user demand, promising sustained sales momentum. This opti... Read More


The pandemic broke co-living's back. Startups need a reset

Bengaluru, March 28 -- In May 2022, Aurum PropTech acquired HelloWorld Technologies, the co-living and student housing vertical of Bengaluru-based NestAway Technologies, a managed-home rental startup ... Read More