IFC INVESTMENT IN RESIDENTIAL PROJECTS
MHADA invites bids for Kamathipura cluster redevelopment in South Mumbai
MHADA has initiated bids for the cluster redevelopment of Kamathipura, a historically significant but congested area in South Mumbai. The project aims to transform the locality by providing safer housing to over 8,000 tenants and residents. This ambitious plan includes modern residential units, commercial spaces, and improved infrastructure, with the goal of social renewal for the neighborhood.
John Abraham's monthly rental income from his Mumbai properties could be someone's yearly salary
Bollywood actor John Abraham has leased out three luxury apartments in Bandra West, Mumbai, for a combined monthly rent of Rs 6.30 lakh. The five-year agreement includes annual rent escalations, with the amount reaching Rs 8 lakh per month in the final year. Over the lease period, he is expected to earn nearly Rs 4.3 crore. The properties are located in the upscale Sea Glimpse Co-operative Housing Society, further cementing John’s position as a savvy investor.
Sumadhura Group announces 5-acre land acquisition in East Bengaluru ; eyes Rs 500 crore topline
Sumadhura Group has acquired a 5-acre land parcel on Soukya Road in East Bengaluru, projecting ₹500 crore in revenue from a future residential project. This acquisition strengthens Sumadhura's presence in the rapidly developing corridor. Soukya Road is emerging as a sought-after destination, offering tranquil living, strong infrastructure, and robust investment potential, with excellent connectivity to major IT hubs.
Rahul Gandhi urges PM Modi to end woes of OBC students
Rahul Gandhi, the opposition leader in Lok Sabha, has appealed to Prime Minister Narendra Modi to address the concerning delays in post-matric scholarship distributions for students from backward communities. Highlighting poor conditions in residential hostels, Gandhi, referencing his Bihar visit, urged for regular audits and enhanced pre-matric scholarship payments to support marginalized students' education.
Conditioning a cool behavioural move
India is set to mandate AC temperature settings between 20°C and 28°C to boost energy efficiency and cut electricity bills, as AC ownership surges. This move addresses concerns that air conditioning could account for a quarter of India's GHG emissions by 2050. While energy-efficient ACs are gaining popularity, affordability remains a challenge.
Tanya Dubash, Uday Kotak, Leena Gandhi: This Worli sea-facing tower is becoming home to India's ultra-rich
South Mumbai's Worli is becoming a hotspot for India's wealthiest, with the under-construction Naman Xana tower attracting high-value deals. Tanya Dubash purchased a duplex for ₹226 crore, while Leena Gandhi Tewari made a record-breaking ₹639 crore purchase. Uday Kotak and his family also invested over ₹200 crore in a nearby building, solidifying Worli as a billionaire zone.
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India among top 10 global cross-border investment destinations for land & development sites in Q1 FY26
India solidifies its position as a top global destination for cross-border real estate investments, ranking seventh worldwide. Fueled by strong macroeconomic fundamentals and pro-investment policies, India's real estate sector witnessed a 31% year-on-year growth in institutional investments in Q1 2025. Diversification into residential, industrial, and warehousing segments is attracting increased foreign investor interest.
Modi govt invested Rs 44,859 cr in 3,600+ Northeast projects: Sarbananda Sonowal
Union Minister Sarbananda Sonowal criticized the Congress party's governance, highlighting the Modi government's transformative progress in the Northeast. He emphasized reduced insurgency, infrastructure development, and increased connectivity, positioning the region as a growth engine. Sonowal also underscored advancements in agriculture, healthcare, and tourism, particularly in Meghalaya, driven by substantial central grants and strategic initiatives.
10-minute delivery boom fuels hyperlocal warehousing surge in urban and tier-2 India
India's booming quick-commerce is driving unprecedented demand for small, hyperlocal warehouses, converting underutilized urban spaces into micro-fulfillment hubs. This surge is transforming urban logistics, impacting rental dynamics, and expanding into Tier-2 cities. Companies are prioritizing speed and location, leading to innovative real estate repurposing and significant growth in the sector.
AU Small Finance Bank eyeing an upgrade. What should investors do?
AU Small Finance Bank received a ‘Hold’ rating with Rs 794 target from Asit Mehta, citing strong growth, secured loan base, and potential universal bank license as key catalysts for future expansion and margin protection.
Pantomath Group asset management arm launches Rs 2,000-cr Bharat Bhoomi Fund
The Wealth Company Asset Management, part of Pantomath Group, plans to launch Bharat Bhoomi Fund. The fund will be worth Rs 2,000 crore. It will target the real estate sector. Rakesh Kumar and Bhavya Bagrecha will lead the fund. Peter Sharp joins as advisor. The fund will invest in data centers, warehousing, and residential projects.
The Wealth Company aims to raise Rs 2,000 cr fund for realty, infra investments
The Wealth Company Asset Management, part of Pantomath Group, aims to raise over Rs 2,000 crore via its Bharat Bhoomi Fund, a Category II AIF targeting execution-ready real estate projects. The fund will invest across data centers, renewables, residential and retail segments, with a strong focus on India's infrastructure-led growth corridors.
Prestige Group aims 59% growth in FY26 sales bookings at Rs 27K cr on strong housing demand
Prestige Estates anticipates a significant rise in property sales. The company aims for Rs 27,000 crore this fiscal year. This is a 59% increase from the previous year. Sales bookings declined in the last fiscal year due to launch delays. However, strong pricing power boosted average realization. The company plans to launch multiple housing projects across major cities.
JM Financial gets 142,000 sq ft Mumbai office space through CIRP resolution
JM Financial Products has acquired 142,000 sq ft of office space in a Mulund high-rise as part of a bankruptcy-linked settlement involving Ariisto Realty. The Rs 150 crore property transfer, structured through the insolvency resolution process, marks a strategic addition to JM’s portfolio and reflects evolving real estate debt settlements.
I-Sec maintains Add on Sobha, raises target price to Rs 1,519
ICICI Securities maintains an Add call on Sobha, revising the target price to Rs 1,519. Despite a YoY decline in FY25 sales bookings, the brokerage anticipates significant growth, projecting Rs 96 billion in FY26E and Rs 109 billion in FY27E. This optimism stems from substantial unreleased inventory and upcoming project launches, driving an upward revision of sales booking estimates.
Hiranandani Communities eyes Rs 1,100 cr revenue from new MMR housing project
Hiranandani Communities anticipates a revenue of Rs 1,100 crore from 'The Arena', its new housing project in the Mumbai Metropolitan Region. The initial phase features approximately 600 units within the 588-acre Hiranandani Fortune City in Panvel. The company highlights Panvel's growth potential, driven by rising incomes and expanding job opportunities.
IFC picks up 44% stake in Birla Estates’ two residential projects, invests Rs 420 cr
International Finance Corporation will invest Rupees 420 crore in Birla Estates' Thane and Pune housing projects. The investment aims to develop around 9.5 million sq ft of saleable area. IFC will hold a 44% stake in the projects. This partnership will expand access to sustainable housing for first-time home buyers.
How Godrej Properties, DLF and other real estate majors sold homes worth Rs 1.62 lakh crore in FY25
India’s top 26 listed real estate developers sold homes worth Rs 1.62 lakh crore in FY25, up over 20% from last year, as trust and brand equity drove a surge in residential sales. Godrej Properties led with Rs 29,444 crore in pre-sales, followed by DLF and Lodha Group, amid a clear shift towards established players and premium housing.
Realty, renewables, roads to see Rs 17.5 lakh cr investment boost
India's real estate is transforming with premium housing demand and GCC influx, attracting significant investments alongside renewables and roads. Developer revenues are expected to grow steadily, while commercial real estate sees stable momentum. Despite challenges like excess supply and monetisation delays, healthy balance sheets and strong funding frameworks support infrastructure resilience.
The Project cancelled after 16 years: What really made Channel 10 pull the plug and introduce a new show?
Channel Ten has announced the cancellation of 'The Project' after nearly 16 years due to declining viewership and criticism. The final episode will air on June 27, 2025. Once a Logie-winning show known for blending humour with news, 'The Project' faced challenges from streaming platforms and perceptions of being overly 'woke'.
KPIL bags new orders worth Rs 3,789 crore
Kalpataru Projects International Ltd. (KPIL) and its subsidiaries have secured new orders worth Rs 3,789 crore. These include a significant Buildings & Factories (B&F) contract in India for developing over 12 million sq ft of residential buildings. The company has also won Power Transmission & Distribution (T&D) orders in overseas markets, enhancing its global presence.
Commercial real estate: How false promises, legal gaps and poor location choices can make it dud investment
Two buyers share how false promises, legal gaps, and poor location choices turned investment hopes into heavy losses.
How can you invest LTCG in Section 54EC bonds?
Capital gain bonds are tax-saving instruments that are issued by entities backed by the government, including REC, National Highways Authority of India (NHAI), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC).
Is Dubai’s Burj Khalifa about to lose its crown? Abandoned skyscraper’s comeback could reshape the skyline
Dubai's iconic skyline may soon change again as the shelved Dubai Creek Tower project eyes a revival. Initially planned to eclipse Burj Khalifa in height, the tower’s ambitions have been reworked, with no clear timeline for completion. Once dubbed the future tallest structure, its uncertain return still reflects Dubai's unending architectural ambition and futuristic vision.
RBI’s 50-bps repo cut to boost mid-income, affordable housing demand
The RBI’s 50 basis point repo rate cut to 5.5%—its third in 2025, totaling a 100 bps reduction—is expected to boost housing affordability and stimulate demand, especially in the mid-income and affordable segments.
County group to invest Rs 1,800 crore in Ghaziabad project
County Group has acquired 13.3 acres in Wave City, Ghaziabad, for Rs 400 crore, anticipating Rs 1,800 crore in revenue from 'Jade County'. This project will feature 1,000 residential units across nine high-rise towers, with delivery slated to begin in 2030. The development will also include a clubhouse and commercial complex, enhancing premium living in the well-connected region.
Aparna Constructions to invest over Rs 2,200 cr to build new luxury housing project in Hyderabad
Aparna Constructions and Estates is set to invest over Rs 2,200 crore in 'Aparna Moonstone', a new luxury housing project within its Aparna Deccan Town in Hyderabad. The project, with a total investment of Rs 2,525 crore, will feature 2,088 apartments across 22.28 acres. This development reflects Hyderabad's growth as a global hub and the increasing demand for luxury living.
Kanakia, hines tie up for ₹3,000 crore office project in Mumbai
Hines and Kanakia Group have partnered to develop a ₹3,000 crore commercial office project near Bandra-Kurla Complex, Mumbai. Sumitomo Corporation and Mitsubishi Estate have joined the alliance for the 1.5 million sq ft premium office space development.
Hines, Kanakia, Japan’s Sumitomo, Mitsubishi in JV for office project in Mumbai’s BKC
Kanakia Group has partnered with Hines, Mitsubishi Estate, and Sumitomo Corporation to develop a 1.5 million sq ft premium office complex in Mumbai's BKC. Kanakia Group owns the land, while Hines, MEC, and Sumitomo are institutional investors and development partners. The project aims to set new standards in India with world-class amenities and design.
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