Chennai News Desk

09 Jan 2026

Prestige Estates Projects Ltd has announced that its group plans to purchase a 16.381-acre land parcel in Chennai, as disclosed in the past week. While financial details and development plans were not shared, the acquisition points to a large-scale project in one of South India's key real estate markets. The move aligns with Prestige's strategy of expanding its land bank across major cities. Chennai has been witnessing rising interest from organised developers due to stable demand, infrastructure growth, and long-term economic fundamentals.Read more

08 Jan 2026

Sri Lotus Developers & Realty Ltd has entered Gujarat's real estate market through a joint development agreement with actor Abhishek Bachchan for an ultra-luxury mixed-use project at GIFT City, Gandhinagar. The development will come up on a freehold land parcel owned by Bachchan and acquired nearly 15 years ago. Spanning over 1 million sq ft of built-up area, the project marks the developer's first foray into Gujarat and will be executed through its subsidiary, Rise Root Projects Pvt Ltd, under a profit-sharing arrangement. The move aligns with the growing demand for premium residential and commercial spaces in GIFT City, which is emerging as a global financial hub backed by strong infrastructure, progressive policies and rising domestic and international investor interest.Read more

07 Jan 2026

Runwal Enterprises has unveiled an ambitious township development in Alibaug with an estimated investment of INR 20,000 crore, marking one of the largest real estate projects in the region. Positioned as a mixed-use, master-planned community, the development will integrate residential, commercial, retail and lifestyle components to meet rising demand from homebuyers and investors seeking quality living outside major urban centres. Strategically located within accessible distance from Mumbai and Navi Mumbai, the township aims to leverage Alibaug's growth as a residential and leisure destination. The project reflects broader shifts in housing preferences toward integrated, amenity-rich communities that balance urban convenience with coastal living and lifestyle appeal.Read more

07 Jan 2026

Lodha Developers reported a robust performance in the third quarter of FY26, with sales bookings rising 25 percent year-on-year to INR 5,620 crore, supported by sustained demand for residential properties. The company also recorded healthy quarter-on-quarter growth, reflecting continued buyer confidence across its housing portfolio. Strong collections during the quarter further reinforced operational momentum. Encouraged by consistent absorption in ongoing projects and a strong pipeline of upcoming launches, Lodha Developers reaffirmed its confidence in achieving its full-year sales target of INR 21,000 crore. The performance highlights the resilience of the residential real estate market and the developer's strong brand positioning across key urban markets.Read more

07 Jan 2026

Suraj Estate Developers Limited has reported a strong start for its flagship commercial project, One Business Bay, achieving sales of around 40,000 sq. ft. within 45 days of its launch in mid-November 2025. This early traction translates into a gross development value (GDV) of approximately INR 200 crore, out of the project's total estimated GDV of INR 1,200 crore. The robust response highlights sustained demand for ownership-led, Grade-A office spaces in South Central Mumbai, driven by strong connectivity, modern design and limited quality supply. Strategically located near Senapati Bapat Marg with proximity to Bandra-Kurla Complex, the project positions Suraj Estate as a growing player in Mumbai's premium commercial real estate segment.Read more

07 Jan 2026

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has announced plans to develop approximately 25,000 plots targeted at middle-income homebuyers in 2026, as part of a broader initiative to expand affordable housing options within the region. The programme forms one of the authority's key goals for the year, which also include finalising a comprehensive master plan, improving major road networks, accelerating key infrastructure projects and enhancing citizen-centric services. VMRDA officials said the push for housing plots is aimed at addressing growing residential demand while supporting planned urban growth. The initiative is expected to strengthen land supply for middle-income buyers amid expanding real estate markets.Read more

07 Jan 2026

Juniper Green Energy has raised INR 2,039 crore in debt financing from leading global and national financial institutions, including NaBFID, HSBC, DBS, Barclays, and Aseem Infrastructure, to support its upcoming renewable energy projects. The company has also expanded non-fund-based limits with Federal Bank and Axis Bank. The funding includes dedicated support for under-construction wind and solar-wind hybrid projects in Gujarat and Maharashtra. This financing builds on a previous INR 1,739 crore debt raised from IREDA and underscores strong lender confidence in Juniper Green Energy's growth and execution track record.Read more

06 Jan 2026

Alliance City Developers Realtors Pvt. Ltd. has received MahaRERA approvals for two premium residential projects 22 Alliance House and Alliance Tanvi located in Vile Parle East, Mumbai. Although not mandated, the developer opted for voluntary RERA registration, reinforcing its commitment to transparency and customer confidence. The approvals mark a key milestone as the company strengthens its presence in one of Mumbai's most sought-after residential hubs. Both projects offer thoughtfully designed homes with modern amenities, strong connectivity, and lifestyle-focused planning. The approvals also complement Alliance City Developers broader growth plans, with three major projects scheduled for possession in 2026.Read more

06 Jan 2026

Sri Lotus Developers and Realty Ltd has secured a redevelopment project in the Lokhandwala area of Andheri in Mumbai, as disclosed earlier in the week by Reuters. The announcement reflects the company's continued focus on redevelopment work in the city's western suburbs, where it has built a strong presence over the past decade through multiple residential and commercial projects. This new engagement adds to its pipeline following a high profile IPO and other ongoing developments in premium areas like Juhu and Versova. The signing signals ongoing investor confidence in Sri Lotus's strategy and execution capabilities in Mumbai's competitive real estate market.Read more

06 Jan 2026

New Consolidated Construction Company Ltd (NCCCL) has secured a construction contract valued at INR 112.5 crore from Lodha Developers for a residential project in Alibaug near Mumbai. The mandate covers the construction of Tower 1 along with associated non-tower ancillary structures, spanning a total built-up area of approximately 7.26 lakh sq ft. Awarded through a competitive bidding process, the project is scheduled to commence around mid-January 2026 with an execution timeline of nearly 24 months. This marks NCCCL's third collaboration with the Lodha Group, reinforcing its position as a trusted construction partner for large-scale residential and commercial developments across the Mumbai Metropolitan Region.Read more