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Which sectors are expensive & which are cheap? PL Capital's valuation guide
PL Capital says defence, power and capital goods stocks remain richly valued, while IT, retail, hotels and real estate trade below historical averages
Hyderabad land auctions shatter records, fetch over Rs 200 crore an acre
Hyderabad has achieved record-breaking land prices. Two major land parcel auctions generated Rs 2,500 crore. Gowra Ventures paid Rs 1,490.73 crore for a 6.29-acre plot, setting a new benchmark of Rs 237 crore per acre. Vamsiram Builders acquired 5.09 acres for Rs 1,038.36 crore. These sales highlight Hyderabad's robust commercial real estate growth and strong demand for office spaces.
Digital infrastructure demand drives new wave of strategic land buying
India's data centre sector is experiencing rapid growth. This expansion is leading to substantial land acquisitions across new markets. Major investments are creating new infrastructure corridors. Hyperscale cloud operators and AI providers are driving this demand. This development is transforming India's digital economy and real estate landscape.
Signature Global commits Rs 1,200-1,500 crore for land acquisitions in FY27
Signature Global will spend Rs 1,200-1,500 crore on land acquisitions this fiscal year. This is double its previous spending. The real estate market slowdown has made land prices more attractive. The company aims to acquire large land parcels for integrated township projects. It is also looking for land in Delhi. Signature Global expects pre-sales of Rs 10,000 crore in FY27.
UAE Real Estate Crisis: Abu Dhabi Announces Rent Freeze For All Commercial, Residential Tenants
New tenancy contracts on previous rented units will be offered at the same value as the contract prior.
Manglam Group’s Pink West clocks ₹300 crore in sales, highlighting demand for premium commercial spaces
Rajasthan's real estate is booming, with Manglam Group leading the charge with its ambitious commercial project, Pink West. This premium high-street destination in Jaipur offers a blend of retail, hospitality, and corporate spaces, aiming to redefine the city's commercial landscape. The project boasts significant sales and strategic location, promising strong investment potential.
Anant Raj shares rally 5% after signing Rs 25,000 crore Haryana Data Centre MoU
Anant Raj's shares surged after announcing a significant partnership with the Government of Haryana to boost the state's digital infrastructure. The real estate developer plans to invest Rs 25,000 crore in data centers and cloud services, aiming to position Haryana as a major hub for next-generation digital investments.
ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud case
Real estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fraud. The investigation involves accounts maintained with IDFC First Bank. Funds were allegedly siphoned from government and school accounts. Wadhwa is considered a key accused in the conspiracy. The ED is tracing the flow of these funds.
AI could create more opportunities for Indian IT firms, not fewer: BofA’s Kunal Tayal
Kunal Tayal, Senior Analyst-IT, Real Estate at BofA Global Research believes AI adoption is moving beyond coding into business processes, opening fresh demand for IT services, engineering and analytics firms.
Puravankara Bengaluru housing project: Realty firm signs joint development agreement for Rs 1,100 Crore at Doddagubbi
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
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.
Mumbai Real Estate Market Sees Record-Breaking May; Registrations Surge To 14-Year High
The registrations generated more than Rs 1,051 crore in stamp duty collections for the state government.