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Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDV
Suraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This strategic acquisition is expected to boost the company's commercial footprint in South Central Mumbai, adding approximately 1.50 lakh sq ft of saleable area with an estimated gross development value of Rs 800 crore.
Suraj Estate Developers consolidated net profit declines 41.22% in the March 2026 quarter
Sales decline 27.62% to Rs 98.78 crore
Suraj Estate Developers standalone net profit declines 13.38% in the March 2026 quarter
Sales decline 62.28% to Rs 49.10 crore
Two real estate stocks trade mixed after acquiring land in Mumbai, Greater Noida
Godrej Properties won the auction for a residential land parcel in Greater Noida, while Suraj Estate Developers's wholly-owned subsidiary acquired development rights of a prime land parcel in Mahim West, Mumbai.
Listed real estate developers move beyond home cities to tap growth
Major real estate firms are shifting focus from their home cities. Companies like Godrej Properties and Prestige are expanding into other metros. This strategy aims to capture demand across multiple high-growth areas. It also reduces dependence on single-city market cycles. This multi-city expansion is a key growth driver for listed developers.
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projects
The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms. This follows a plea alleging diversion of thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. Advocate Prashant Bhushan highlighted a pattern of developers diverting funds and pushing projects into insolvency.
Kolte-Patil Developers slips into Q4 loss as revenue drops 65%
The real estate developer sais profitability remained muted due to lower revenue recognition under project completion-based accounting norms. Shares of Kolte-Patil Developers Limited ended at ₹391.25 on the NSE, down ₹2.60 or 0.66% today, May 22.
Realty group Sattva deepens premium hotel push amid travel boom
Sattva’s expansion comes amid a broader shift among Indian real estate developers towards hospitality assets as room rates and occupancies remain high after the pandemic-led travel rebound.
Real Estate Industry Warns Of Project Delays Amid West Asia Conflict, Seeks Centre's Intervention, Support
Developers noted that the sharp rise in raw material costs over recent weeks has impacted procurement planning and construction budgets.
DLF's sales bookings drop in FY26
Top developers Godrej Properties, Lodha, Prestige Estates and DLF reported cumulative sales bookings of ₹1.04 trillion in FY26, a new milestone for the real estate sector.