Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
Amidst lending reluctance from banks, real estate developers are turning to lease discounting for ongoing commercial projects, providing banks with guaranteed cash flow and a safer lending option.
Vijay Raheja has launched the Verena luxury villas in Bangalore, with plans for more developments despite market challenges post family business split.
HDIL plans to raise ₹1,000 crore for Mumbai airport modernization, relocating 80,000 slum families. This surpasses the Dharavi project in scale and involves a 53-acre plot acquisition for ₹1,900 crore.
DLF continues to excel in the Indian real estate market, shifting focus towards mid-income housing and commercial projects while maintaining impressive growth metrics.
Ansal Properties and Infrastructure Ltd. plans to establish SEZs in Greater Noida, Haryana, and Rajasthan, alongside residential and commercial projects in various North Indian cities.
Transport Corporation of India (TCI) is venturing into real estate with residential and commercial projects across India, utilizing its extensive land bank.
Berggruen Holdings enters India's real estate market with significant investments in commercial and residential projects amidst a challenging market scenario.
Red Fort Capital in talks with 6 developers for Rs 4,000 crore projects across India
Indian developers are increasingly hiring foreign architects for their projects, seeking a global perspective and expertise. While this offers advantages, some raise concerns about foreign firms' understanding of Indian business complexities.
NBCC, a Government of India undertaking, is in final-stage talks to develop real estate in Dubai and Saudi Arabia. This marks the first time an Indian government entity would develop realty projects abroad.
Vijay and Deepak Raheja have split B Raheja Builders, establishing their own firms. The split, deemed amicable, leads to the division of ongoing projects between them.
Godrej Properties has filed for an IPO with SEBI, proposing to offer approximately 9.4 million equity shares to support its real estate development plans.
Ajmera group plans to separate its steel business from its real estate division, rebranding as Ajmera Real Estate and Infrastructure post-demerger, focusing on significant project developments.
Chandigarh Housing Board accused of favoring Parsvnath Developers, potentially losing hundreds of crores in revenue
Warburg Pincus invests $75M in Unique Affordable Homes for North & Western India projects
BCCL invests ₹60 crore in Mantri Realty for new projects and infrastructure expansion, including a ₹2,400 crore power plant near Nagpur.
Indiabulls, a Mumbai-listed real estate giant, is set to acquire Aim-listed Dev Property Development in a £138 million all-share deal, marking the first such transaction of this scale financed entirely by Indian shares.