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India’s Real Estate Needs ₹50 Lakh Crore by 2036: Report

NEW DELHI: According to a report from Anarock Capital, India’s real estate sector will need nearly ₹50 lakh crore in capital over the next decade to sustain its growth. The report points to a shift in the sector’s financing landscape, evolving from a fragmented, NBFC-led model to a more organized, institutional framework supported by banks, alternative investment funds, real estate investment trusts, private credit, and government initiatives. However, it highlights that capital is primarily concentrated among established developers and in major metropolitan areas, which results in disparities in affordable housing, smaller developers, and tier II and III cities. Despite a…

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IRDAI to Relax Rules for Insurance Investment in REITs, InvITs

The insurance regulator is currently reviewing a proposal to relax investment regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). This comes in response to strong investor interest in recent infrastructure offerings, such as the ₹6,000 crore Raajmarg InvIT issue launched in March, which has amplified the call for increased insurer involvement in long-term yield assets. Currently, insurers are limited to a maximum of 3% investments in both REITs and InvITs. The Insurance Regulatory and Development Authority (IRDAI) is considering a proposal that would raise the combined exposure limit to 6%, permitting insurers to allocate investments across…

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Adani, Reliance, Lodha, JSW vie for 206-acre Mumbai project

Realty developers such as Adani Properties, Reliance 4IR, Lodha Developers, and JSW Realty & Infrastructure have placed bids to redevelop three significant housing colonies covering over 206 prime acres in Mumbai’s key neighborhoods: Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority (MHADA) opened technical bids for these projects on Tuesday, covering 98.27 acres at Bandra Reclamation, 73.89 acres at Sardar Vallabhbhai Patel (SVP) Nagar in Andheri West, and 34.33 acres at Adarsh Nagar in Worli. On April 8, the Mumbai Housing and Area Development Board, a unit of MHADA, issued tenders to appoint construction and…

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Embassy Developments reports ₹872.47 crore net loss in FY26

NEW DELHI: Embassy Developments has announced a net consolidated loss after tax of ₹872.47 crore for the financial year 2025-26. In contrast, it reported a profit after tax of ₹193.63 crore in FY25, according to a BSE filing. The company’s total consolidated income for FY26 was ₹1,905.12 crore, reflecting a decline of 25.20% from ₹2,546.97 crore in FY25. In Q4 FY26, the net consolidated total income fell by 65.57%, amounting to ₹407.20 crore, compared to ₹1,182.61 crore in the same quarter the previous year. The loss after tax for Q4 FY26 was ₹323.43 crore, in contrast to a profit after…

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Arvind SmartSpaces FY26 Net Profit Falls 13.22% to ₹103.41 Cr

NEW DELHI: Arvind SmartSpaces has announced a 13.22% decrease in its net consolidated profit for the financial year 2025-26. The profit after tax fell to ₹103.41 crore compared to ₹119.16 crore recorded in FY25, according to a filing with the BSE. The net consolidated total income for FY26 was ₹584.47 crore, reflecting a 20.49% decline from ₹735.11 crore in FY25. In Q4 FY26, the net consolidated total income dropped 6.09% to ₹163.53 crore from ₹174.14 crore in the same quarter last year. However, profit after tax surged by 102.94% to ₹44.16 crore compared to ₹21.76 crore in the previous fiscal’s…

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Pune: Property Prices May Jump ₹250-300/SQ FT Amid Supplier Hike

PUNE: Homebuyers in Pune may face rising property prices following a proposed rate hike by ready-mix concrete (RMC) suppliers for various concrete grades on May 9. Experts suggest that this increase could elevate construction costs by Rs 250-300 per square foot. “While some developers may absorb part of the costs for ongoing projects, new launches will likely pass the added burden on to buyers,” commented Nitin Deshpande, president of the Marathi Bandhkam Vyavasayik Association. The Pune RMC Association previously halted operations on April 16 due to coordination issues with the Maharashtra Pollution Control Board (MPCB), Pune Municipal Corporation (PMC), and…

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Chandigarh’s Freehold Initiative to Unlock Crores in Properties

CHANDIGARH: The Chandigarh administration has taken significant steps to convert leasehold industrial and commercial plots to freehold ownership, a move expected to unlock properties valued at hundreds of crores, enhance revenue, and improve the ease of doing business. The Punjab governor and UT administrator, Gulab Chand Kataria, has approved a comprehensive proposal, which has now been sent to the Ministry of Home Affairs (MHA) for final approval. A senior MHA official commented, “The ministry is currently reviewing the proposal from UT Chandigarh.” This development follows earlier indications from the administrator that the matter was being considered. Will This Attempt Succeed?…

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WSB Invests ₹75 Crore in Omaxe; Karyan to Invest ₹900 Crore

NEW DELHI: WSB Partners, an investment firm specializing in real estate, has invested ₹75 crore in Omaxe Group’s residential plotted projects in Ujjain and Indore. This funding is primarily intended for growth capital, with a portion also earmarked for working capital and reserves. In a related update, NCR-based Karyan Group plans to invest ₹900 crore to develop Trevana Residences, a residential project in Ghaziabad, expecting nearly ₹1,500 crore in revenue from the development. The project will include 608 units in 3BHK and 4BHK configurations, starting at ₹8,995 per sq ft, with completion targeted for 2030. Mahindra Lifespaces Launches New Phase…

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NeoLiv buys 76 acres in Khopoli for villa project development

Representative image Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development. This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative. The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore. “This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in…

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RIICO Receives 800 Applications for 465 Plots in Rajasthan

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots across approximately 294 acres, valued around Rs 550 crore. These plots are available under RIICO’s direct allotment scheme aimed at MoU holders from the Rising Rajasthan investment summit. Officials reported that the Kankani Industrial Area in Jodhpur saw the highest number of applications, totaling 267. To enhance occupancy rates in less utilized industrial zones, RIICO has revised its flexible land lease and rental policies. According to the new provisions, industrial plots in areas that achieved less than 25%…