Latest news with #Delhi-NCR-based
Time of India
08-06-2025
- Business
- Time of India
Major 26 listed realty firms sell ₹1.62 lakh crore properties in FY25
NEW DELHI: India's 26 major listed real estate firms sold properties valuing Rs 1.62 lakh crore last fiscal, with Godrej Properties becoming largest player clocking pre-sales of nearly Rs 30,000 crore. DLF Ltd, the biggest real estate firm in terms of market capitalisation, is at the second position with record sale bookings of over Rs 21,000 crore during 2024-25, followed by Macrotech Developers (Lodha Group), Prestige Estates Projects and Signature Global . According to the data compiled from investors presentations and regulatory filings, the 26 major listed real estate companies reported a combined sales bookings or pre-sales of Rs 1,61,722 crore in the last fiscal year, a more than 20 per cent increase from 2023-24. Bulk of pre-sales (sales bookings) came from residential segment especially luxury homes, with small contribution from commercial properties. In terms of annual sales bookings, Godrej Properties emerged as the largest listed player during last fiscal with pre-sales of Rs 29,444 crore. Its pre-sales stood at Rs 22,527 crore during 2023-24. DLF's sales bookings rose to Rs 21,223 crore from Rs 14,778 crore driven by strong sales in its ultra luxury housing project The Dahlias in Gurugram. Mumbai-based Macrotech Developers Ltd reported sale bookings of Rs 17,630 crore in FY25 as against Rs 14,520 crore in the preceding year. Bengaluru-based Prestige Estates Projects clocked sale bookings of Rs 17,023 crore last fiscal as against Rs 21,040 crore in 2023-24. Delhi-NCR based Signature Global achieved sales bookings of Rs 10,290 crore as against Rs 7,270 crore. There were many real estate firms which clocked annual sales between Rs 5,000 crore and Rs 10,000 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 8,087 crore last fiscal, a sharp jump from Rs 3,985 crore in the preceding year. Bengaluru-based Brigade Enterprises reported a sales bookings of Rs 7,847 crore as against Rs 6,013 crore. Sobha Ltd's pre-sales fell to Rs 6,277 crore from Rs 6,644 crore. Delhi-NCR-based Max Estates sold properties worth Rs 5,321 crore last fiscal as against Rs 1,844 crore in the preceding year. Mumbai-based Oberoi Realty sold properties worth Rs 5,281 crore in FY25. Puravankara Ltd sales bookings declined to Rs 5,006 crore from Rs 5,914 crore. In below Rs 5,000 crore annual pre-sales category, Delhi-based TARC Ltd sold properties worth Rs 3,722 crore as against Rs 1,612 crore in FY24. Mumbai-based Keystone Realtors (Rustomjee) sale bookings grew to Rs 3,028 crore from Rs 2,266 crore. Mahindra Lifespace Developers' pre-sales rose to Rs 2,804 crore from Rs 2,328 crore. Pune based Kolte-Patil Developers Ltd sales fell marginally to Rs 2,791 crore from Rs 2,822 crore. Sales bookings of Sunteck Realty went up to Rs 2,531 crore from Rs 1,915 crore. Raymond Ltd sold properties worth Rs 2,310 crore last fiscal as against Rs 2,249 crore in the preceding year. Bengaluru-based Shriram Properties sales bookings fell to Rs 2,288 crore from Rs 2,362 crore. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. There were many players that reported annual pre-sales below Rs 2,000 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 1,936.75 crore during the last fiscal as against Rs 1,798.22 crore in the preceding year. Ahmedabad-based Arvind Smartspaces sold properties worth Rs 1,271 crore FY25 as against Rs 1,107 crore in the preceding year. Ajmera Realty & Infrastructure Ltd sales bookings grew to Rs 1,080 crore from Rs 1,017 crore. Arihant SuperstructuresLtd sales bookings stood at Rs 888.7 crore as against Rs 970.6 crore. Arkade Developers' sales bookings grew to Rs 773 crore from Rs 645 crore. Suraj Estate Developers sold properties worth Rs 501 crore in FY25 as against Rs 483 crore in the preceding year. Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 337.5 crore last fiscal as against Rs 388.7 crore in the 2023-24 financial year. Sale bookings data of many listed players was not available on the stock exchanges. Market experts attributed the strong performance of listed players to a gradual shift in consumers preference towards branded and reputed players which have better track record of executing real estate projects. With lakhs of homebuyers still stuck in stalled housing projects, the prospective customers do not want to take risk on their investments.
Hindustan Times
31-05-2025
- Business
- Hindustan Times
Whiteland Corporation partners with Marriott for 1700 Westin-branded residences in Gurugram
Delhi-NCR-based Whiteland Corporation has partnered with Marriott International to launch The Westin Residences in Gurugram. With a planned investment of ₹5,600 crore and a projected topline of ₹15,000 crore, the project will include 1,700 Westin-branded residences. Set to be one of the largest standalone branded residence projects in India, the development spans 7.78 hectares (approximately 20 acres) in Sector 103 along the Dwarka Expressway. The location is 15 minutes from Gurugram's central business district and 20 minutes from South and West Delhi, with seamless access to the IGI Airport, Yashobhoomi Convention Centre, Dwarka Golf Course, and the upcoming Diplomatic Enclave. The project will offer three and four bedroom residences ranging from 248 to 402 square meters (approximately 2,673 to 4,328 sq ft), with unit prices between ₹6 crore and ₹12 crore, depending on configuration and location within the development, the company said. India's growing appetite for branded residences reflects a shift in homebuyer expectations. Well-travelled and discerning buyers now seek the same global standards of design, service, and quality in their homes that they've experienced abroad. This demand is driving the growth of luxury residences backed by trusted global names. 'As global exposure increases, so does the aspiration to live in homes that offer a premium lifestyle backed by credibility and Marriott International, as the world leader in hospitality, brings unmatched trust, legacy and global standards to residential living. Branded residences offer not just high-end real estate but also an elevated, premium living experience anchored by the service ethos of a globally respected brand,' said Navdeep Sardana, founder of Whiteland Corporation. The demand for The Westin Residences, Gurugram is being driven predominantly by end-users, particularly corporate CXOs, entrepreneurs, SME 's and senior professionals who are seeking a primary or secondary residence that reflects their premium lifestyle aspirations. 'We are seeing strong interest from Delhi and Gurugram, as well as from upcountry cities such as Chandigarh, Jaipur, Lucknow and Kanpur. Also, there is significant demand from global Indians and NRIs based in the UAE, UK, Canada, Singapore and other international markets, who are looking to invest in branded, premium residences in India's most dynamic real estate corridors,' he said. Inspired by biophilic design, the development will rise on stilts, allowing for verdant landscapes to flow uninterrupted beneath it. Designed by global experts including Architect Hafeez Contractor, landscaping firm Coopers Hill, interior specialists BM&A, lighting consultants ASA, and Structure and Engineering Consultant Vintech Consultants. Also Read: Second Trump Tower launched in Gurugram, a first for any city outside New York It is rooted in the Westin brand's six pillars of well-being—sleep well, eat well, move well, feel well, work well, and play well. John Hearns, senior vice president, Global Residential Operations, Marriott International, said that the company is 'delighted to introduce Westin Residences Gurugram to India, and the wellness promise that the brand is known for, to residence owners. Developed by Whiteland Corporation and driven by their pioneering spirit and unwavering commitment to excellence, The Residences will set a new benchmark in premium living in India, creating homes designed to empower a better you.' Whiteland Corporation plans to develop 1.85 million sq. meters of built-up area over the next five years.
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Business Standard
30-05-2025
- Business
- Business Standard
Whiteland Corp launches Marriott's first branded residence in Gurugram
Delhi-NCR-based Whiteland Corporation on Friday announced the launch of Marriott International's first Westin-branded residences in India, with the development expected to have a projected topline of ₹15,000 crore. This comes after the company signed an exclusive agreement with Marriott International in June 2024 to collaborate on the project. Navdeep Sardana, founder of Whiteland Corporation, told Business Standard that the total investment in The Westin Residences, Gurugram, would be ₹5,600 crore, with the project expected to be completed by 2031. Expected to be the largest standalone branded residences project announced in India, the 20-acre development will include 1,700 three and four BHK residences, ranging from 2,673 to 4,328 square feet in size. Sardana stated that currently 1,464 units are being launched in the first phase. 'Phase 1 of the launched project will include a select offering of residences, whereas Phase 2, which will include towers, is planned for a future launch,' he added. According to people in the know, the price range for The Westin Residences, Gurugram, is between ₹6 crore and ₹12 crore, depending on size, configuration, and location within the development. Sardana added that The Westin Residences, Gurugram, will be a 100 per cent Whiteland Corporation development, with complete investment and execution managed by Whiteland, while Marriott International has extended its brand under a licence agreement. 'As part of our agreement with Marriott International, Whiteland holds exclusive branding rights for Westin Residences in the territories of Gurugram, Dwarka Expressway, and select parts of Delhi until 2032,' he said. The company is not planning to launch any other Westin-branded residential projects within this exclusive territory during that period.
News18
17-05-2025
- Business
- News18
Himachal Real Estate: Scapes Hospitality Unveils Luxury '1842 Kasauli' Villas; All You Need To Know
Scapes Hospitality, a Delhi-NCR-based real estate developer specialising in curating bespoke luxury housing, has unveiled its luxury villa project, '1842 Kasauli', in Himachal Pradesh's Kasauli. Nestled in the pristine landscape of Kasauli, this one-of-a-kind property offers a seamless blend of heritage charm and contemporary elegance. With an investment of Rs 150 crore, the project comprises only 39 villas spread across 10 acres in pine forests, ensuring unparalleled exclusivity. Each villa is priced between Rs 7 crore and Rs 10 crore, while individual estates are valued at nearly Rs 15 crore to Rs 25 crore, Scapes Hospitality said in a statement.
Time of India
11-05-2025
- Business
- Time of India
Indian startups secure $585.71 million in funding this week
New Delhi: In a significant surge, Indian startups collectively raised approximately USD 585.71 million this week, marking a substantial increase from the USD 102.93 million secured the previous week. This uptick reflects a growing investor confidence and interest in India's burgeoning startup ecosystem. The majority of this funding was directed towards growth-stage companies, with notable investments including Porter, an on-demand goods transport agency, which secured USD 200 million in its Series F funding round. This round was led by Kedaara Capital and Wellington Management, propelling Porter into the unicorn club. Other significant growth-stage investments encompassed automotive company Routemotic, which raised USD 40 million in its Series C round, and interior design startup Flipspaces, which secured USD 35 million led by Iron Pillar. Additionally, logistics firm Celcius Logistics, foodtech company The Good Bug, and e-commerce startup Blissclub also attracted substantial investments this week. On the early-stage front, 20 startups collectively raised USD 263.41 million. Healthcare company PB Healthcare led this segment with an impressive USD 218 million seed round, backed by General Catalyst. Other early-stage startups that garnered funding include robotics company Posha, edtech firm Footprints, spacetech startup InspeCity, commercial vehicle platform 91Trucks, and proptech company Alt DRX. Geographically, Delhi-NCR-based startups led the funding race with 11 deals, closely followed by Bengaluru with 10 deals. Startups from Mumbai and Chennai also secured investments, indicating a diverse and widespread entrepreneurial activity across the country. Sector-wise, healthtech startups emerged as the most attractive to investors, securing four deals. Logistics and foodtech sectors followed with three deals each, while artificial intelligence, automotive, decor, and robotics sectors also saw investor interest. Meanwhile, in the previous week, the Indian startups had raised approximately USD 102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies. Bengaluru and Delhi-NCR-based startups led the funding race last week, with seven deals each, followed by Mumbai and Chennai.
