Prestige Hospitality Ventures Gets Sebi Nod for IPO
Prestige Hospitality Ventures, the hospitality arm of Prestige Estates Projects, has received SEBI approval for an Rs 2,700 crore initial public offering (IPO). The IPO will consist of a fresh equity issue of Rs 1,700 crore and an offer-for-sale of Rs 1,000 crore by the parent company. The company’s portfolio includes seven operational hotels with 1,445 keys, with plans for an additional 12 hotels and 2,509 keys in the pipeline. It has operating arrangements with major global brands, including Marriott International and Hilton Worldwide. The funds will be used for debt repayment and inorganic growth.
DLF Profit Rises 19% to Rs 766 Crore
DLF reported a 19% increase in consolidated net profit to Rs 766 crore for Q1 FY26, with consolidated revenue reaching Rs 2,981 crore. New sales bookings surged by a significant 78% to Rs 11,425 crore, largely due to a strong response to its luxury residential project ‘DLF Privana North’ in Gurugram.
The company’s net cash balance grew to Rs 7,980 crore. DLF’s commercial arm, DLF Cyber City Developers Ltd (DCCDL), also performed well, with revenue of Rs 1,739 crore and a 14% increase in EBITDA, maintaining a high occupancy rate of 94% across its office portfolio. Despite these positive results, gross margins declined to 28% due to a more than three-fold increase in land acquisition costs.
DLF is set to launch new projects worth Rs 63 billion with a total development area of approximately 25 million sq ft. The pipeline includes the second phase of its flagship super-luxury project, ‘The Dahlias’ in Gurugram, which is part of 1 million sq ft of planned super-luxury developments with an estimated sales potential of Rs 2,500 crore. The luxury housing segment will account for a majority of the launches, with 22 million sq ft of development planned, projected to generate around Rs 57,400 crore.
Signature Global’s Net Profit Shoots 386%
Signature Global reported a 386% year-on-year increase in consolidated net profit to Rs 34 crore for Q1 FY26, driven by a sharp rise in revenue recognition and average sales realization. Revenue from operations more than doubled to Rs 870 crore, an 118% increase from the same quarter last year. Although pre-sales saw a 15% drop to Rs 2,600 crore, the company’s average sales realization improved significantly to Rs 16,296 per sq ft due to the launch of a new premium project in Gurugram. The company has received a CARE A+ rating with a Stable outlook from CareEdge Ratings for its proposed Rs 8.75 billion Non-Convertible Debenture (NCD) issue. The funds will be used for debt refinancing and business expansion.
Keystone Realtors Net Profit Falls 44%
Keystone Realtors, also known as Rustomjee Group, reported its highest-ever quarterly pre-sales of Rs 1,068 crore in Q1 FY26, a 75% increase year-on-year. However, the company’s consolidated net profit fell by 44% to Rs 14.51 crore, which the CMD, Boman Irani, attributed to its project completion-based revenue recognition method. The company plans to switch to the percentage of completion method for new projects to provide a more accurate reflection of its financial performance. With a strong pipeline of over 47 million sq ft of construction area, Keystone Realtors is focused on redevelopment in the Mumbai Metropolitan Region (MMR) and regional expansion.
Lemon Tree Hotels Launches New Property
Lemon Tree Hotels Limited has opened a new property, Lemon Tree Hotel, Chandausi, marking its eighth presence in Uttar Pradesh. The 61-room hotel is being launched in two phases. Phase I, with 31 rooms and a multi-cuisine restaurant, is now operational. Phase II will add the remaining rooms, a Pan-Asian restaurant, a swimming pool, and other amenities. The hotel’s launch aligns with the company’s vision to establish a widespread presence across all tiers of Indian cities.
Raymond Realty Posts Standalone Profit of Rs 26.93 Crore in Q1 FY26
Raymond Realty (RRL), the real estate arm of Raymond Group, reported a standalone profit after tax of Rs 26.93 crore for the quarter ended June 30, 2025. The company’s total income for the quarter was Rs 334.34 crore, with a booking value of Rs 306 crore. Raymond Realty, which is a net-debt free company with a Rs 233 crore net cash surplus, has a total Gross Development Value (GDV) of Rs 40,000 crore. The firm plans to expand its future projects through an asset-light business model using joint development agreements (JDAs), with three to four new JDAs expected to launch over the next 6-9 months.
IFC to Invest $150 Million in HDFC Capital Realty Fund
The International Finance Corporation (IFC), a part of the World Bank Group, will commit $150 million to the H-DREAM Fund (HDFC Capital Development of Real Estate Affordable and Mid-Income Fund), managed by HDFC Capital Advisors. The fund is targeting a total corpus of $1 billion and aims to finance the development of at least 25,000 homes in the affordable and mid-income segments, with a focus on green building standards. The IFC’s commitment is expected to mobilize up to $850 million in long-term capital from other institutional investors.
Brookfield India REIT Lines Up Rs 1,000-cr Preferential Issue
Brookfield India Real Estate Trust (BIRET) is planning a Rs 1,000 crore fundraise through a preferential issue to support large-scale acquisitions and growth opportunities. The capital raise, which follows a Rs 3,500 crore fundraise in December 2024, will be used to fund potential acquisitions of prime Grade A office assets in Bengaluru and Chennai. In Q1 FY26, BIRET reported a 13% year-on-year growth in net operating income (NOI) to Rs 498.6 crore and a 17% increase in distributions to unitholders. The REIT’s committed occupancy improved to 89%, and it expects to benefit from the easing interest rate cycle.
Godrej Properties to Meet Rs 32,500 Cr Pre-sales Target
Godrej Properties is confident it will meet or exceed its sales bookings target of Rs 32,500 crore for this fiscal year, despite an 18% decline in pre-sales to Rs 7,082 crore in Q1 FY26. Executive Chairperson Pirojsha Godrej attributed the Q1 decline to a high base effect and slight delays in project launches. The company’s heavy launch pipeline for the rest of the year is expected to drive strong sales. Pirojsha Godrej noted that while the housing market has calmed down from its post-COVID exuberance, demand remains very strong. The company, which has been India’s largest real estate firm by sales bookings for the past two years, reported a 15% increase in consolidated net profit to Rs 598.40 crore for Q1 FY26.
Lodha Developers Plans to Buy Land Parcel
Lodha Developers Ltd is looking to enter the Delhi-NCR housing market and expects to acquire at least one land parcel this fiscal year to develop its first residential property in the region. According to MD and CEO Abhishek Lodha, the company will start with a pilot phase to better understand the market and build a local operating team. Lodha’s focus will be on a moderate number of projects and a gradual entry into the market. The company recently reported a 42% increase in consolidated net profit to Rs 675.1 crore for Q1 FY26 and a 10% growth in sales bookings to Rs 4,450 crore.
Adani Begins City-Side Projects Across 8 Airports
The Adani Group’s airport division has initiated a phased city-side development across eight Indian airports, covering a total of 655 acres. The first phase, spanning 114 acres, will focus on developing infrastructure such as hotels, retail outlets, food courts, and entertainment zones. The aim is to enhance non-aeronautical revenue streams and improve urban connectivity. Adani Airport Holdings Ltd reported a 25% year-on-year income growth to Rs 102.24 billion in Q1 FY26, with passenger traffic up 3% and cargo up 4%.
Anant Raj Ltd Targets Rs 1,200 Crore Revenue from Data Center
Anant Raj Ltd is aggressively expanding its data center and cloud services business, with a target of reaching Rs 1,200 crore in revenue by FY27 and Rs 9,000 crore by FY32. The company is operationalizing an additional 22 MW of IT load capacity, bringing its total to 28 MW. It plans to scale up to 63 MW by FY27 and a significant 307 MW by FY32 across its campuses in Panchkula, Manesar, and Rai, Haryana. The company’s managing director, Amit Sarin, highlighted that Haryana’s state policy initiatives, such as subsidized power and single-window clearances, are key enablers for this growth.
Ashiana Housing to Invest Rs 425 Crore in FY26
Ashiana Housing has announced a capital outlay of Rs 425 crore for the current financial year to expand its senior living housing portfolio, with plans to enter new markets such as Mumbai, Bangalore, and Delhi-NCR. In the previous fiscal year, the company incurred an outlay of Rs 213 crore and recorded a booking value of Rs 382 crore in this segment. For FY26, Ashiana is targeting a booking value of around Rs 450 crore and plans to launch five new phases in existing senior living projects.
EIH Limited Announces Four New Hotels
EIH Limited, the flagship company of The Oberoi Group, has announced the addition of four new hotel projects in India, which will be operated under management contracts. The new properties are part of a larger development pipeline of 25 properties planned for completion by 2030. The four new hotels are a 20-key luxury wildlife retreat in Gir, Gujarat, and a 220-key hotel in Hyderabad under The Oberoi brand, as well as a 150-key hotel in Nandi Hills, Bengaluru, and a 170-key property near Fort Aguada in Goa under the Trident brand.
