Prestige Group Eyes Rs 50,000 Crore Home Sales by FY29-30
Prestige Group aims to achieve Rs 50,000 crore in home sales by the financial years2029-30. The company plans to expand into new markets and focus on the Rs 2–3crore housing segment to meet this ambitious target.
IHCL Expands Presence in Maharashtra with New Ginger Hotel
Indian Hotels Company Limited (IHCL) is expanding its presence in Maharashtra with the addition of a new Ginger hotel in Satara. The expansion aligns with the company’s strategy to grow its mid-market hotel portfolio. IHCL is also aiming for global expansion through strategic acquisitions, with a target of reaching 700 hotels by 2030. The company’s focus is on expanding its portfolio and brand presence worldwide.
Godrej Properties Sells Homes Worth Rs 10 Billion in Hyderabad
Godrej Properties has sold homes worth Rs 10 billion (Rs 1,000 crore) at the launch of its new Hyderabad project. This strong sales performance highlights the continued robust demand for housing in the city.
Brigade Enterprises to Develop Office and Hotel in Chennai
Brigade Enterprises is set to develop an office and a five-star hotel on a7-acre site on the Old Mahabalipuram Road (OMR) in Chennai. The mixed-use project is a significant addition to the city’s commercial and hospitality landscape.
Kerala CM Lays Foundation for Adani’s 70-Acre Logistics Hub
The Chief Minister of Kerala has laid the foundation for Adani’s 70-acrelogistics hub in Kochi. The project is a significant infrastructure development aimed at boosting the state’s logistics and trade capabilities.
Two-Slab GST Plan to Make Homes Cheaper
According to experts, a proposed two-slab GST plan for real estate is expected to make homes more affordable and boost the overall real estate sector. The change would simplify the tax structure and reduce the burden on homebuyers.
HUDCO Plans to Raise Up to Rs 3,000 Crore
Housing and Urban Development Corporation (HUDCO) plans to raise up to Rs 3,000 crore through debentures. The funds will be used to support its various housing and infrastructure projects.
India’s 28-listed Builders Sell Properties Worth 53,000 Cr in April-June
According to recent data, 28 listed real estate companies in India have collectively sold properties valued at a staggering Rs 53,000 crore in the April-June quarter of the financial year 2025. Prestige emerged as the top performer, with sales bookings of over Rs 12,126crore during the same period. This impressive sales performance reflects the sustained high demand in the Indian residential market, with Prestige Estates leading the charge among the country’s major developers.
