IndustryLatest Stories

Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…

IndustryLatest Stories

Signature Global Pre-Sales Reach ₹46.5 Billion in H1 FY26

NEW DELHI: Signature Global has announced pre-sales of ₹46.5 billion for H1 FY26, alongside collections of ₹18.7 billion for the same timeframe. In Q2 FY26, pre-sales reached ₹20.1 billion, with collections increasing to ₹9.4 billion. The average sales price during this quarter was ₹15,000 per sq ft, compared to ₹12,457 per sq ft in FY25. The company’s net debt has slightly increased to ₹9.7 billion due to the purchase of 33.47 acres of land in the key Sohna micro-market, which has a development potential of approximately 1.76 million sq ft. Chairman and whole-time director Pradeep Kumar Aggarwal stated, “We continue…

IndustryLatest Stories

Arnya Realestates Fund Investments: ₹415 Crore in Housing Projects

NEW DELHI: Arnya Realestates Fund Advisors has invested ₹415 crore in residential projects located in Bengaluru and Navi Mumbai. The fund has partnered with Vaishnavi Group for a villa project in southeast Bengaluru and MAIA Estates for a premium apartment project in South Central Bengaluru, as well as Gami Group for a mixed-use project in Navi Mumbai and Casagrand for an apartment project in South Bengaluru. The firm’s assets under management (AUM) have exceeded ₹675 crore, with total deployments anticipated to surpass ₹1,200 crore by March 2026. Recently, they launched a residential equity fund in collaboration with Supreme Universal, aiming…

IndustryLatest Stories

Punjab Alters Land Use Rules to Encourage Investment

LUDHIANA: The Punjab government has recently overturned a previous policy, officially separating change of land use (CLU) permissions from the final approval of building and layout plans. This decision, enacted by the state’s housing and urban development department, aims to streamline the development process, responding to the needs of investors looking to secure bank loans and clearances earlier in the process. This change reinstates the former system, which had been integrated in 2023 into a unified application for CLU and layout plan/license to develop colonies. Municipal corporation (MC) officials and the Greater Ludhiana Area Development Authority (GLADA) have been directed…

IndustryLatest Stories

Ghaziabad: Higher FAR & Mixed Use to Boost TOD Zone Revenue 200%

GHAZIABAD: The launch of the transit-oriented development (TOD) policy along the 45km rapid rail corridor is poised to substantially enhance revenue generation. This policy will increase the floor area ratio (FAR) in the TOD influence area by 33–50% from the current 1.5, with provisions for mixed land use. Authorities estimate that this initiative could boost revenue from the zone by more than 200%. Officials confirmed that the Ghaziabad Development Authority (GDA) and the National Capital Region Transport Corporation (NCRTC) will share revenue generated from TOD equally. NCRTC has requested GDA to ensure that revenue from map approvals within the TOD…

IndustryLatest Stories

Urban Growth Surges with Land Changes in North Goa

PANAJI: This week, the town and country planning (TCP) board tentatively approved a new set of zoning change proposals, highlighting an increasing trend of urban expansion in North Goa’s valued villages. The 19 proposals announced by the TCP are primarily focused on areas like Salvador do Mundo, Assagao, Taleigao, Mandrem, and Parcem, all of which are under significant real estate pressure. Notably, several developers, including Rajlaxmi Dealcom Pvt Ltd, Adwalpalkar Construction & Resorts Pvt Ltd, and Priority Constructions, have sought zone changes specifically in Salvador do Mundo. This concentration indicates a definite push towards urbanization in Bardez, Pernem, and Tiswadi,…

IndustryLatest Stories

Bengaluru Realty Firms Question NOC for Jakkur Flying School

The Bengaluru chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) has raised alarms regarding the city’s municipal corporation mandating a no-objection certificate (NOC) from the Government Flying Training School (GFTS) at Jakkur. This certificate is essential for granting approvals like commencement and occupancy certificates for residential projects. Credai argues that this requirement could significantly delay and complicate the residential real estate sector in Bengaluru, which is vital for the city’s ongoing housing development efforts. In a communication directed to Karnataka’s urban development department’s additional chief secretary, Credai Bengaluru questioned the necessity of the NOC, noting the…

IndustryLatest Stories

Hyderabad civic body revenue rises with more high-rise approvals

HYDERABAD: The surge of high-rise buildings in Hyderabad has significantly boosted the revenue for the Greater Hyderabad Municipal Corporation (GHMC). From January to August of this year, the civic body recorded earnings of ₹1,199.7 crore, a remarkable increase compared to the total revenue of ₹815 crore in 2024. This revenue bump is primarily attributed to a rise in high-rise building approvals, which yield much higher fee collections than traditional residential projects. Notable growth areas include Uppal Bagayath, Nanakramguda, Khajaguda, Budvel, and Gaganpahad, where several substantial residential and commercial developments have been approved. Significant projects include a 50-story residential tower in…

IndustryLatest Stories

Goa to Update Land Records with First Survey in 50 Years

PANAJI: Over 50 years since the last land survey, the state government has announced a new initiative to update land records. This survey aims to identify unoccupied plots and unclaimed land parcels. The state will commence the surveys in urban locations, as the last one was carried out back in 1972. The Goa Geospatial Knowledge Based Land Survey of Urban Habitations Rules, 2025 has been drafted, allowing public feedback before finalization and implementation. “The directorate of land and records will issue a general notice to inform residents when a land survey is ordered in any village, town, or city. Homeowners,…

IndustryLatest Stories

Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…