06 Jun 2025

Enzyme Office Spaces has leased 90,000 sq. ft. to accounting software firm Vyapar at its new Sarjapur Road centre in Bengaluru. The 1.2 lakh sq. ft. facility, with 3,000-seat capacity, is now nearly fully occupied, with only 30,000 sq. ft. remaining. The space was customised to Vyapar's operational needs, reflecting rising demand for flexible, tailored office environments among digital-first companies. Founder and CEO Ashish Agarwal noted strong interest from tech-driven businesses. Earlier this year, SUGAR Cosmetics leased 14,000 sq. ft. at Enzyme's Andheri East centre in Mumbai. Enzyme currently operates 32 centres across Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, totalling 1.55 million sq. ft. and 38,000 seats. Workspace pricing ranges from INR 5,000 to INR 25,000 per desk. As hybrid work models evolve, Enzyme's flexibility and customisation remain key draws for modern enterprises.Read more

06 Jun 2025

Signature Global is set to invest approximately INR 4,000 crore during the current financial year to acquire land and fuel construction activities across its residential projects in Gurugram. The company had allocated INR 1,070 crore in the past year towards acquiring 48 acres in Gurugram. Of the upcoming capital deployment, INR 1,200-1,500 crore will be used for land acquisition, while INR 2,500 crore has been earmarked for construction. The firm reported robust sales bookings of INR 10,290 crore during the last fiscal and is targeting INR 12,500 crore in the current one. Signature Global's strong financials reflect a significant rise in profitability and income, marking its ascent among India's top five listed real estate firms.Read more

05 Jun 2025

Prestige Estates Projects Ltd plans to launch 25 residential projects across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa this fiscal, covering 44.80 million sq. ft. with a projected gross development value (GDV) of INR 42,120 crore. The expansion follows a subdued FY25, when regulatory delays limited launches to 26.28 million sq. ft. (GDV: INR 26,222.8 crore). Pre-sales dropped 19% YoY to INR 17,023.1 crore, with sales volume down 38% to 12.58 million sq. ft. Despite the decline, Prestige reported strong pricing gains-apartment, villa, and commercial realisation rose 36% to INR 14,113 per sq. ft., while plot sales surged 50%. Net profit fell to INR 467.5 crore from INR 1,374.1 crore. With a robust launch pipeline and improved pricing trends, Prestige aims to regain growth momentum and reinforce its position in India's premium real estate market.Read more

05 Jun 2025

Godrej Properties Ltd has expanded its presence in Pune by acquiring a 14-acre land parcel in the Kharadi-Wagholi region for a premium residential project. This development is expected to generate INR 4,200 crore in revenue and will offer around 3.7 million square feet of developable area. According to the company's regulatory filing earlier this week, the project will focus on upscale group housing. The move aligns with Godrej Properties' broader strategy to grow its footprint across key micro-markets, with recent forays into new cities including Hyderabad.Read more

05 Jun 2025

Mumbai's luxury real estate market has recorded a sharp 36% increase in unsold inventory during the first quarter of 2025, reversing a consistent downward trend observed over the past two years. This spike is largely attributed to the influx of high-value housing units, priced above INR 2.5 crore, introduced within the Mumbai Metropolitan Region (MMR). While demand in this segment remains steady, a combination of elevated prices and global economic headwinds has tempered the pace of sales. Despite the setback in the premium segment, the city's overall property market continues to display strength, with property registrations and associated revenue reaching new heights in the past few months.Read more

05 Jun 2025

The Prayagraj Development Authority (PDA) is offering 764 unsold affordable flats across 12 residential schemes in Prayagraj, targeting EWS, LIG, and 1BHK, 2BHK, and 3BHK buyers. Allotments will be made via a transparent lottery system. To boost accessibility, PDA has reduced prices by 10% across all categories. Key projects include Jagriti Vihar Awasiya Yojna, Mausam Vihar Apartment, Vasudha Vihar, Mangal Vihar, Sugam Vihar, Yamuna Vihar in Naini, Janhvi Apartment, Manas Vihar, Azad Apartment, Divine Apartment in Trivenipuram (4BHK), Saras Vihar in Jhunsi, and Govindpur luxury flats. PDA has published details on janhit.upda.in and www.pdaprayagraj.org, with helpline support available. This initiative aims to meet Prayagraj's growing housing demand while ensuring transparency and affordability in the home-buying process.Read more

05 Jun 2025

The Lucknow Development Authority (LDA) will conduct a lottery on June 10 to allot 334 residential plots in the Anant Nagar Scheme at Indira Gandhi Pratishthan. Over 13,000 applicants registered online for the scheme. Spread across 785 acres on Mohan Road, Anant Nagar will eventually host 2,100 residential plots, 120 commercial plots, and 60 group housing plots, with 5,000 units reserved for EWS and LIG segments under Pradhan Mantri Awas Yojana. The township will feature a 100-acre Edutech City, 130 acres of green spaces, underground power cables, a grid road network, and a zero-liquid discharge system. The road connecting to Kisan Path will be widened to 24 metres to improve access. Land acquisition and compensation efforts are underway. Anant Nagar reflects Lucknow's push for sustainable, affordable urban housing and modern infrastructure.Read more

04 Jun 2025

Apple India has leased an 8,000 sq. ft. retail space at the upcoming Phoenix Mall of Asia in North Bengaluru, with an annual rental of INR 2.09 crore over a 10-year term. The deal includes a 15% rent escalation every three years and a revenue-sharing clause starting at 2%, rising to 3%. The Hebbal-based mall, developed by Phoenix Mills Ltd and Canada Pension Plan Investment Board, offers Apple a prime retail platform in Bengaluru, complementing its recent store launches in Mumbai and Delhi. The move aligns with Apple's strategy to deepen its direct presence in India, as Foxconn nears completion of a major iPhone manufacturing facility at Devanahalli, set to produce 20 million units annually. Together, these developments highlight Apple's integrated retail-manufacturing approach in India, supporting the government's PLI-driven electronics manufacturing ecosystem and tapping into the country's fast-growing smartphone market.Read more

04 Jun 2025

County Group, a prominent real estate developer in the National Capital Region, has acquired a 13.3-acre land parcel in Wave City, Ghaziabad, for approximately INR 400 crore. This strategic investment aims to develop 1,000 residential units across four apartment configurations, totaling 3 million square feet. The Wave City project, spanning over 4,200 acres along NH-24, has witnessed increased demand, with property prices appreciating by nearly 30% in the past year. The region's connectivity and infrastructure developments, including the operational Hindon Airport and the upcoming Jewar International Airport, further enhance its appeal to investors and homebuyers.Read more

04 Jun 2025

ICRA has upgraded Macrotech Developers Limited's (MDL) long-term credit rating to "[ICRA] AA (Stable)' from "[ICRA] AA- (Positive)' and reaffirmed its short-term rating at '[ICRA] A1+.' The upgrade reflects MDL's rising operational cash flows and improved leverage, with total debt reduced to INR 7,088 crore as of March 2025, down 8% year-on-year. The gross debt-to-CFO ratio improved to 1.09x from 1.49x. MDL's diversified portfolio-spanning residential, office, retail, and warehousing-supports stable cash flows, with warehousing and retail segments poised for stronger growth. The developer leads Mumbai and Thane's residential markets, having delivered over 100 million sq. ft. by March 2025, and holds a 4,080-acre land bank. Its robust 85 million sq. ft. project pipeline and strong liquidity buffer further enhance its credit profile. The rating upgrade highlights MDL's financial strength, diversification strategy, and resilience amid market risks.Read more