Real Estate Sector Happenings – October 14, 2025

Eldeco files for IPO to raise ₹1,000 cr

Eldeco has formally filed a Draft Red Herring Prospectus (DRHP) with SEBI for its planned Initial Public Offering (IPO). The primary objective of this public issue is to raise a substantial sum of ₹1,000 crore. The issue comprises a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters. Company may consider a pre-IPO placement for up to Rs 160 crore. If such placement is completed, the fresh issue size will be reduced.

Sunteck Realty buys land in Dubai

Sunteck Realty has completed the acquisition of land in Dubai. This land will be used for the development of ultra-luxury residential properties, marking a significant international expansion for the firm. Sunteck Realty acquired a nearly 3-acre plot in Dubai Downtown’s Burj Khalifa district. The company plans to launch the project by June 2026.

DLF Cyber City Developers raises ₹1,100 cr through NCDs

DLF Cyber City Developers Limited (DCCD), a joint venture between DLF and GIC, successfully raised ₹1,100 crore by issuing Non-Convertible Debentures (NCDs) at a 6.91% annual interest rate. The funds will be used to pay off expensive debt and will also support future real estate projects and general corporate needs.

Runwal Realty is preparing for an IPO

Runwal plans a 2000 crs IPO, which includes ₹1,700 crore in fresh issuance and ₹300 crore from an offer-for-sale component. The company will use the proceeds for general corporate purposes and debt repayment, as it develops residential, commercial, and retail properties in the Mumbai Metropolitan Region and Pune.

DHL Logistics renews warehousing lease

DHL Logistics has made a significant commitment by renewing the lease for a large warehousing facility near Mumbai. The facility, located in Panvel, is substantial, measuring 3.17 lakh sq ft. Monthly Rent: ₹1.80 crore

Pride Hotels files DRHP with SEBI for Rs 260 cr. IPO

Pride Hotels has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an upcoming IPO of INR 260 crore. This capital raise is intended to finance the company’s expansion plans, reduce existing debt, and support its overall corporate objectives within the Indian hotel market.

IHCL expands its presence in Uttarakhand

The Indian Hotels Company Limited (IHCL) is expanding in Uttarakhand by launching a new 15-key heritage retreat, Hari Ganga Niwas, under its SeleQtions brand in Haridwar. This property is a restored century-old building located on the banks of the Ganges, aiming to offer authentic travel experiences and strengthen IHCL’s presence in the state

ITC Hotels plans foray in branded residences

ITC Hotels has announced its entry into the branded residences market, leveraging its luxury brand equity to develop and manage high-end residential properties. ITC will work with developers in major metropolitan areas and leisure destinations across India, and is open to developing standalone branded residential projects.

Kalpataru Launches Estella at Parkcity

Kalpataru has launched Estella, a new premium residential project within its larger integrated township, Kalpataru Park city, in Thane, Mumbai. The launch of Estella is part of the ongoing development of the 100+ acre Kalpataru Parkcity, which is being marketed to offer a holistic and modern living experience.

Sebi, stock exchanges waive fines on Unitech

The Securities and Exchange Board of India and the stock exchanges have collectively taken the decision to waive the previously imposed fines and penalties on Unitech. This waiver provides significant regulatory and financial relief to the company. The action follows recent interventions and restructuring efforts at the troubled firm.

Indian REITs Association joins global body

The Indian REITs Association has formally joined a prominent global industry body. This new affiliation aims to further promote the concept and growth of Real Estate Investment Trusts (REITs) in the Indian market. The membership seeks to enhance standardization and attract global institutional capital.