The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.
The Union Housing and Urban Affairs Minister's announcement of four 'Namo Cities' aims to decentralise development and decongest Delhi, but experts warn that the initiative may face execution challenges similar to previous urbanisation plans due to inadequate coordination among NCR states.
An 80-year-old man in Delhi died by suicide, reportedly due to health issues and personal loss. Police investigation is underway.
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
The Enforcement Directorate (ED) conducted searches at 19 locations in Haryana and Chandigarh concerning the alleged embezzlement of Rs 590 crore from Haryana government accounts held with IDFC First Bank. The investigation focuses on identifying business entities involved in concealing the money trail and proceeds of the crime.
Urban ministry changes rule before public consultation by environment ministry
Ranbir Kapoor has made a significant investment, purchasing 25.7 acres of land in Pune's scenic Mulshi taluka for over Rs 16.42 crore (Rs 164.2 million), underscoring a growing trend among celebrities to favour land banking for long-term real estate appreciation and development potential.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
Domestic Institutional Investors (DIIs) have significantly increased their holdings in Nifty 500 companies, reaching a record 20.9 per cent by the end of March, while Foreign Portfolio Investors (FPIs) reduced their ownership to an all-time low of 17.1 per cent, according to Motilal Oswal Financial Services.
Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next 10 years.
We map the areas with great prospects for price appreciation in the six metros of Delhi & NCR, Kolkata, Hyderabad, Chennai, Bangalore and Mumbai.
Former India all-rounder Yuvraj Singh has partnered with UAE-based real estate developer BNW Developers for a brand campaign titled 'Against All Odds'.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
Police in Bengaluru have arrested eight people, including two minors, in connection with the kidnapping and murder of a real estate businessman. The victim, Gopal alias Gopi, was allegedly kidnapped after a car collision and his body was later found in Hosur, Tamil Nadu. The investigation revealed a long-standing rivalry between the victim and the main conspirator, who believed Gopal was using black magic against him.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
Kabul Chawla's company in India is facing the ire of consumers.
The Central Bureau of Investigation (CBI) is set to take over the investigation into the embezzlement of 590 crore from Haryana government accounts held with IDFC First Bank in Chandigarh. The Haryana government decided to hand over the probe to the central agency last month following allegations that funds were diverted for personal use through shell companies and real estate investments.
Police in Pune have detained the fiancee and a male friend of trekker Ketan Vishal Agarwal, who was initially believed to have died in an accidental fall at Lohagad fort. The case is now being investigated as a murder, with allegations that the two suspects pushed Agarwal into a deep gorge.
Real estate developers are increasingly offering flexible payment plans, such as low booking amounts and deferred payments, to stimulate housing sales and manage affordability concerns without resorting to price cuts, as sales volumes declined by 14 per cent in 2025.
The BSE Realty Index is on a downhill journey.
New law could pose challenges of cost escalation, increased paperwork, fear developers.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
The Reserve Bank of India on Thrusday ruled out any concessional finance to developers and units in these zones, saying they should be treated on par with real estate projects.\n
The Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, including premises linked to an official in the CMO, as part of a money laundering probe against realty groups accused of fraudulent land use changes and investor fraud.
'I met with people who had their flats redeveloped. I saw this was a real human struggle.' 'People get caught in the middle between their dreams, wishes and their community.'
Here is what influenced the realty picture of Kolkata in the 2016's first quarter that just went by:
The CBI conducted searches at 77 locations across eight states, registering 22 new cases related to a nexus between builders and financial institutions, allegedly defrauding homebuyers.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
