Real Estate

Nexus Select Trust has announced plans to invest in a Runwal Group–promoted mall in Mumbai, reinforcing its confidence in India’s organized retail real estate market. The proposed investment reflects a strategy focused on acquiring high-quality, consumption-led assets in top urban centers. With Mumbai continuing to anchor premium retail demand, the transaction is expected to enhance the trust’s portfolio resilience and cash-flow visibility.

Godrej Properties Limited has unveiled plans for a large-scale residential project spanning 18 acres in Mumbai, reinforcing its long-term bet on India’s most competitive housing market. The development reflects the company’s strategy of combining scale, design efficiency, and sustainability to address sustained urban housing demand. Positioned to benefit from infrastructure upgrades and buyer preference for integrated communities, the project underscores a broader industry shift toward thoughtfully planned, amenity-rich living.

Real estate developer Ashiana Housing posted a striking fivefold increase in net profit for the third quarter, reaching Rs. 57 crore, driven by higher sales, project completions, and effective cost management. Revenue surged significantly as collections from ongoing residential projects accelerated, reflecting improving demand and renewed buyer confidence in the housing sector. Analysts note that the performance underscores both operational discipline and market positioning, signaling stronger financial resilience amid evolving macroeconomic conditions.

Real estate developer Puravankara reported a robust financial performance for the third quarter, posting a net profit of Rs. 58 crore alongside a sharp increase in income. The results highlight improving demand conditions in the residential property market and reflect the company’s disciplined execution and project monetization strategy. Higher collections, better cost control, and steady sales momentum across key markets supported earnings growth.

National Company Law Appellate Tribunal has heard an appeal challenging a hotel acquisition bid submitted by Oberoi Realty, adding a new layer of scrutiny to an ongoing insolvency resolution process. The case brings renewed attention to the legal and procedural complexities surrounding asset sales under India’s bankruptcy framework. At the heart of the dispute are objections raised by stakeholders questioning the validity and evaluation of the bid.

Mahindra Lifespace Developers has entered into a strategic joint venture with Japan’s Mitsui Fudosan to develop a large-scale real estate project in Bengaluru, reinforcing cross-border collaboration in India’s property sector. The partnership brings together Mahindra Lifespace’s domestic market expertise and Mitsui Fudosan’s global development experience to tap into sustained demand for high-quality urban housing. The venture reflects growing foreign investor confidence in India’s residential real estate market, particularly in technology-driven cities.

Embassy Developments reported a wider net loss in the third quarter, underscoring the ongoing challenges facing India’s real estate sector. The company posted a loss of Rs 234 crore for the period, reflecting higher financing costs, project-related expenses, and slower monetization of assets. While the long-term demand outlook for residential and commercial properties remains constructive, near-term pressures continue to weigh on earnings. Management remains focused on balance-sheet discipline, project execution, and selective asset sales to stabilize operations.

Sri Lotus Developers delivered a robust financial performance in the third quarter, reporting a 37% rise in net profit as improved project execution and steady demand supported earnings growth. The results reflect stronger sales traction, disciplined cost control and better realization across its real estate portfolio. Market participants viewed the performance as a sign of operational momentum in a sector that has shown selective recovery.

Arvind SmartSpaces Ltd. reported a 42% year-on-year decline in net profit for the third quarter, reflecting project completion cycles, elevated input costs and timing-related revenue recognition. While the company maintained steady sales bookings and advanced its development pipeline, profitability was weighed down by higher construction expenses and phase-wise project handovers. The results highlight the inherent volatility in real estate earnings, where revenue and margin recognition often fluctuate based on delivery schedules.

Bollywood actor Ishaan Khatter has expanded his personal asset portfolio with the acquisition of a residential apartment in Mumbai’s upscale Pali Hill locality, according to people familiar with the transaction. The purchase underscores a growing trend among young film industry professionals who are channeling earnings into high-value real estate as a long-term investment strategy. Pali Hill, known for its exclusivity and proximity to the entertainment industry, remains one of the city’s most sought-after residential addresses.