Tag: Mumbai

IndustryLatest Stories

Sobha Q3 FY26 Net Profit Drops by 28.87%

NEW DELHI: Bengaluru-based Sobha reported a 28.87% decline in net consolidated profit for Q3 FY26, ending December 31, 2025. The profit after tax was ₹15.42 crore, compared to ₹21.68 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, marking a 21.78% decrease from ₹1,256.87 crore in the same quarter last year. Jagadish Nangineni, the managing director, stated, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily tempered quarterly profitability, we are optimistic about expediting project completions, which will significantly improve our…

Latest StoriesResidential

Karan Johar Purchases Mumbai Apartment for ₹8.05 Crore

NEW DELHI: Karan Johar has acquired an apartment in Pali Vintage, Khar West, Mumbai, for ₹8.05 crore. The apartment spans a carpet area of 1,060.13 sq ft (98.49 sq meters), as detailed in property registration documents obtained by Square Yards from the Inspector General of Registration (IGR) website. It includes two designated car parking spaces. The transaction was subject to a stamp duty of ₹48 lakh and registration charges amounting to ₹30,000. The registration of the transaction took place in November 2025. Published On Jan 16, 2026 at 06:50 PM IST Join a community of over 2M industry professionals. Subscribe…

IndustryLatest Stories

Godrej Properties’ 2025 Booking Value at ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced a booking value of ₹34,171 crore for 2025, reflecting a 19% increase compared to the previous year. Cash collections also saw a significant rise of 28%, totaling ₹18,979 crore. From 2022 to 2025, the booking value experienced a compound annual growth rate (CAGR) of approximately 44%, while collections grew at a CAGR of 35%. The company sold 16,428 housing units during the year, encompassing a saleable area of 27.26 million sq ft. This achievement was bolstered by the launch of 41 projects across various cities, with booking values surpassing ₹7,000 crore in each quarter.…

IndustryLatest Stories

Maharashtra Tightens SRA Norms to Secure Rehab Dues on Flats

The Slum Rehabilitation Authority (SRA), the Maharashtra government’s key agency for slum redevelopment, has tightened regulations on free-sale inventory in slum rehabilitation projects. It now requires the preemptive freezing of designated sale flats to ensure transit rent payments and the fulfillment of permanent alternate accommodation (PAP) obligations for eligible slum inhabitants. In a comprehensive office order issued in accordance with previous directives and the Bombay High Court’s rulings, the SRA stated that sale flats will be ring-fenced at the Intimation of Approval (IOA) stage, as well as during the issuance of amended IOAs, Letters of Intent (LOIs), or revised LOIs.…

IndustryLatest Stories

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

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Ajmera Realty Sees ₹1,431 Crore Sales in First 9 Months FY26

NEW DELHI: Ajmera Realty & Infra India (ARIIL) witnessed a remarkable 72% year-on-year increase in sales during the first nine months of FY26, reaching a sales value of ₹1,431 crore. The company is optimistic about surpassing its annual sales target of ₹1,600 crore. Dhaval Ajmera, the director of corporate affairs, stated, “We’ve experienced strong growth, achieving double the sales and collections compared to the previous quarter. This robust performance has reinforced our overall growth trajectory, resulting in nearly 70% growth across both metrics for the nine-month period. With ₹1,431 crore in sales already secured, we’ve exceeded our target and are…

CommercialLatest Stories

BA Continuum India signs ₹236-crore lease for Powai office

Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…

CommercialLatest Stories

Tushar Infra and Pantheon Sell Mumbai Property for ₹559.25 Cr

Representative image NEW DELHI: Tushar Infra Developers, helmed by Tusshar Kapoor, in partnership with Pantheon Buildcon, led by Jitendra Kapoor, has successfully sold a commercial property in Chandivali, Mumbai, for ₹559.25 crore. This property, located in Balaji IT Park (DC-10 Building), boasts a built-up area of approximately 30,195 sq. m. (around 3,25,016 sq. ft.), as indicated by property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially recorded in January 2026. Additionally, there was a previous transaction at Balaji IT Park, which took place in May 2025, totalling ₹855 crore. Published…

CommercialLatest Stories

JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix. Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government. The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai. The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the…

IndustryLatest Stories

Keystone Realtors’ Q3 FY26 Sales Drop 3% to ₹837 Crore

NEW DELHI: Keystone Realtors Ltd, a real estate firm, reported a 3% drop in sales bookings to ₹837 crore in Q3 of this fiscal year, having launched only one housing project. This compares to ₹863 crore during the same period last year. The Mumbai-based company operates under the Rustomjee brand. In the first nine months of this fiscal year, the firm saw a 23% increase in sales bookings, reaching ₹2,676 crore, up from ₹2,174 crore in the previous year, as stated in a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, emphasized that the company maintains strong operational momentum.…