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Telangana Secures ₹1,500 Cr for Indiramma Housing Scheme

HYDERABAD: The ongoing Indiramma housing scheme in urban Telangana received a significant boost as the Central government approved 1.13 lakh housing units under the Pradhan Mantri Awas Yojana (PMAY-Urban 2.0). This approval translates to nearly Rs 1,500 crore in Central funding for the state. A senior official in the housing department informed TOI that Telangana ranks first among Indian states in receiving a Rs 1,500 crore allocation for housing under PMAY-Urban 2.0. Notably, even Bihar, which is heading into elections, has not received such a substantial sanction, nor have BJP-ruled states like Uttar Pradesh or Gujarat. Chief Minister A. Revanth…

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Private Equity in Indian Real Estate Rises 38% to $2.4B H1 2025

NEW DELHI: Private equity (PE) investments in the Indian real estate sector surged to USD 2.4 billion (₹203 billion) in the first half (H1) of 2025, representing a 38% year-on-year (YoY) increase, according to Savills India. The pace quickened in the April–June quarter (Q2 2025), with inflows doubling to USD 1.6 billion (₹139 billion). This rise was supported by strong demand for commercial office spaces, hospitality, and alternative segments such as student housing. “There’s a clear strategic shift towards diversifying portfolios, with investors increasingly eyeing retail, hospitality, and student housing segments. This trend reflects the market’s maturity and resilience,” stated…

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DLF Posts 32% Revenue Surge in FY25

NEW DELHI: DLF has reported impressive financial results for the fiscal year ending March 31, 2025 (FY25), with a consolidated revenue increase of 32% to ₹7,376 crore, up from ₹5,574 crore the previous year. The net profit after tax reached ₹2,744 crore, showing a year-on-year growth of 26% compared to ₹2,172 crore in FY24. This growth was propelled by robust housing demand, effective execution of key projects, and higher average realizations in its development portfolio. Surge in Sales and Collections The company reported gross new sales bookings of ₹14,778 crore in FY25, slightly lower than FY24’s ₹15,058 crore. However, DLF…

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Ajmera Realty Achieves ₹108 Crore Sales in Q1 FY26

NEW DELHI: Ajmera Realty & Infra India has reported first-quarter sales of ₹108 crore for FY26, with 63,244 sq ft sold. Although the performance remained stable, it faced challenges due to project launch delays caused by regulatory issues affecting the sector. The company experienced a 42% year-on-year increase in collections, reaching ₹234 crore in Q1 FY26, attributed to efficient execution and disciplined cash flow management. The Mumbai-based developer disclosed that key project launches were postponed because of delays in obtaining necessary permits, a challenge that has also impacted other industry players. Nevertheless, they are actively collaborating with authorities to address…

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Kolte-Patil Developers Reports ₹616 Crore Q1 FY26 Sales

NEW DELHI: Kolte-Patil Developers (KPDL) announced sales of ₹616 crore for Q1 FY26, driven by consistent performance in major projects and a slight growth in volumes. The company reported sales of 0.84 million sq ft in Q1 FY26, reflecting a 5% increase compared to the previous quarter. Customer collections totaled ₹550 crore this quarter, aligning with the scheduled payments. The average realization remained steady at ₹7,337 per sq ft, similar to last year’s performance. Atul Bohra, the group’s CEO, stated, “With strong launch plans ahead in Pune and Mumbai, we anticipate further growth. Our partnership with Blackstone enhances our strategic…

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Punjab to Revise Banur Master Plan, Zone Agri Land for Homes

MOHALI: To promote urban development, the Punjab government plans to amend the Banur Master Plan, transforming extensive agricultural land into residential zones. This change is proposed for several villages within the Banur revenue estate and is currently open for public feedback. The Directorate of Town and Country Planning, Punjab, has suggested modifications in the ‘Proposed Land Use Plan, Banur’, aiming to redesignate agricultural lands in villages such as Naugiari, Giga Majra, Hulka, Kalauli, Menda Majra, Mote Majra, Nadiali, Manakpur Kallar, Kurara, Tangori, Jhansli, and Sekhan Majra as residential. According to sources in the directorate, the amendments will reorganize the township…

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Sustainable Cities: India’s Urban Boom Offers Opportunities

Representative image created by AI NEW DELHI: Urbanization should be seen as an opportunity to transform Indian cities into sustainable and inclusive growth hubs, said Durga Shankar Mishra, former Secretary of the Ministry of Housing and Urban Affairs (MoHUA), at the ASSOCHAM Real Estate Conference 2025. He pointed out that under the Viksit Bharat vision, India’s urban population is projected to reach about 880 million by 2047, emphasizing the need for proactive and forward-thinking urban planning. “Real estate currently contributes nearly 13% to India’s GDP, with the affordable housing and development sector expanding at almost 10% annually,” Mishra noted, underscoring…

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CM Welcomes Investments in Madhya Pradesh Real Estate

INDORE: Chief Minister Mohan Yadav announced on Friday that the Madhya Pradesh government is dedicated to attracting investments in the real estate sector while ensuring necessary amenities like water, electricity, and transportation. The CM mentioned that the Growth Conclave, titled ‘Next Horizon: Building Cities of Tomorrow’, aims to advance urban development in Madhya Pradesh. He highlighted successful infrastructure projects in Surat and Ahmedabad, proposing the establishment of at least ten similar markets in MP. “Being centrally located, MP possesses excellent potential for the real estate sector,” he remarked. “Two decades ago, MP faced challenges with basic amenities such as water,…

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KSH Infra to spend ₹550 crore on Tamil Nadu logistics park

Representative Image KSH Infra, a developer of warehousing and logistics parks, plans to invest over ₹550 crore to establish its second industrial and logistics (I&L) park in Tamil Nadu, bringing its total investment in the state beyond ₹1,000 crore. Last year, the company entered the southern market with an investment exceeding ₹450 crore to develop its first park on a 50-acre site in Hosur. The new warehousing facility, covering 60 acres, will be located in the Sriperumbudur-Oragadam corridor, with a development potential of 1.6 million sq ft, complementing the 1.25 million sq ft at the Hosur park. “Our vision at…

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TDR for Reserved Land Amenities in Nashik City

NASHIK: The Nashik Municipal Corporation (NMC) is set to permit landowners to develop amenities on reserved land in exchange for Transfer of Development Rights (TDR). This initiative aims to enhance the creation of public facilities while compensating property owners. Under this proposal, landowners who develop amenities on their reserved plots can receive TDR, contingent upon securing approval from the planning authority. This measure aligns with the Unified Development Control Promotions and Regulations (DCPR), a statewide policy enacted by the Maharashtra government in December 2020. To manage this process, the civic body’s general body has recently approved the establishment of a…