The offer, with a face value of ₹5 per equity share, comprises an Offer for Sale (OFS) of up to 3.55 crore shares by the company’s promoter, Mr. Vijay Surana J. No fresh issue component has been announced.

Company Overview

Incorporated in 2004, Grand Housing focuses on plotted real estate development primarily in Tamil Nadu, especially in and around Chennai. The company’s business model involves:

• Acquiring parcels of land
• Building basic infrastructure — roads, power, sewage, water
• Converting the parcels into developable land for residential or industrial use

In some cases, Grand Housing acquires contiguous parcels to create larger tracts for more economically viable development.

Project Segments

1. Residential Plotted Development
   • Target buyers: individual homeowners constructing houses or villas
   • Plot sizes: 600–2,400 sq. ft.
   • Pricing: ₹1,500–₹5,000 per sq. ft.
2. Industrial Plotted Development
   • Focuses on large contiguous parcels for industrial use

The company’s operations are concentrated in Chennai, one of India’s most urbanized and economically dynamic cities, benefiting from cultural heritage, moderate climate, and robust population growth.

Land Bank and Financials

As of March 31, 2025, Grand Housing had land reserves of 83.13 million sq. ft. (1,908.52 acres), excluding ongoing, completed, and upcoming projects.

• Revenue from operations: ₹156.66 crore in FY25 (vs ₹94.61 crore in FY23)
• Net profit: ₹84.59 crore in FY25 (vs ₹30.92 crore in FY23)

IPO Structure & Listing Plan

The IPO will be carried out through the book-building process:

• QIBs: Not more than 50% of the offer
• Non-institutional bidders: Not more than 15%
• Retail investors: At least 35%

Smart Horizon Capital Advisors is the Book Running Lead Manager, and Bigshare Services Pvt. Ltd. is the Registrar. The company’s equity shares are proposed to be listed on BSE and NSE.

Also Read: WeWork India Files DRHP with SEBI for IPO

The post 🏠 Grand Housing Files DRHP for ₹5 Face Value IPO; Entire Offer is OFS by Promoter appeared first on Square Feat India.

Through this acquisition, Anirudh Agro has forayed into the fast-growing hospitality space and is aiming to add more hotels over the next few years.

Viceroy has two hotels in Hyderabad, operated by Marriott Group under the brands – Courtyard and Marriott on a 4.5-acre freehold land with over 400 rooms.

Also Read: Agami Realty forays into Mumbai’s upscale Real Estate market, inks pact to redevelop MHADA Society in Bandra

The post <strong><u>Anirudh Agro gets NCLAT Nod to Acquire Viceroy Hotels, To Infuse Over Rs 150 Crore</u></strong> appeared first on Square Feat India.

By Varun Singh

Two years into the pandemic, India Inc and the population at large have been on a veritable rollercoaster ride. Nation-wide lockdowns, localized intermittent restrictions on the back of new COVID-19 variants have become a become a part of life.

After considerable apprehensions over the future when the pandemic first broke out, the fact that life must go on despite the virus has sunk in. India’s economy rebounded quickly on the back of nation-wide vaccine rollout, as is evidenced by the country’s GDP growth.

India’s GDP growth improved in the recent quarters and as per National Statistical Office (NSO) estimates, it can clock 9.2% in FY22 after contracting 7.3% in FY21. Of course, a lot depends on the broad-based impact of the currently active Omicron variant.

Indian Stock Market
The Indian bourses have been remarkably resilient since the pandemic outbreak. After an initial decline in activity, the Indian stock markets saw considerable liquidity infusions, leading to notably high returns on many stock categories. S&P BSE Sensex, the broad indicator of the stock market performance, once again crossed the 61,000 mark on 12th Jan 2022 and is 2.2X of 1st Apr 2020 – registering a 116% growth.

Moreover, S&P BSE Consumer Durables Index, S&P BSE Consumer Discretionary Goods & Services Index, and S&P BSE Auto Index grew 138%, 140%, and 149%, respectively between 1st Apr 2020 to 12th Jan 2022. And there’s more.

Anuj Puri, Chairman – ANAROCK Group, says “The S&P BSE Realty Index, an indicator of real estate companies’ performance on the bourses, grew 204% between 1st Apr 2020 to 12th Jan 2022, surpassing all sectoral indices’ returns as well as outperforming the broader market. Several unique developments helped boost real estate demand to such an extent that the Realty Index outperformed the other sectors as well as the broader market.”

Factors that drove residential demand

• Real estate buyers increasingly patronize large, reputed developers, and are willing to bear the implied premium or extra cost
• Homeownership went from choice to necessity in a pandemic that required people to spend unprecedented lengths of time at home. Restrictions imposed by housing societies on tenants’ movement also boosted the demand for ownership homes
• Volatility in the prices of physical assets was negligible when compared to other investment avenues, increasing the popularity of real estate as an investment asset class
• Interest rates were at a decadal low, bringing mortgage costs down significantly
• Structural changes have improved the perception of the Indian real estate sector as more organized and dependable than it was half a decade ago
• NRIs are once again very active on the Indian residential real estate market

As per ANAROCK Research, the market share of listed developers is rising, with their sales share of overall residential area sold across the top cities tripling from 6% in FY17 to 18% by H1 FY22.

The resilience of the Indian real estate sector has been repeatedly vindicated over the past few years. A quick look at the performance of all the above indices since 1st April 2021 (coinciding with the 2nd wave of the pandemic) also depicts that the S&P BSE Realty Index has once again hit a home run.

Also Read: Year 2022- Return of Realty Recovery

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By Varun Singh

Continuing to reap dividends from the post-pandemic surge in demand for branded homes, the top 9 stock exchange-listed developers raked in INR 14,883 Cr of revenue bookings in H1 FY22 – a sharp uptick from INR 9,483 Cr in the same period of the previous fiscal.

Even as the second COVID-19 wave wreaked economic havoc during Q1FY 22, these players effectively clocked a 57% annual growth in their overall residential booking revenues in H1 FY22.

• With cumulative revenue bookings of approx. INR 14,883 Cr in H1 FY22 against INR 9,483 Cr in H1 FY21, listed players performed well despite 2nd COVID-19 wave
• 18.46 Mn sq. ft. of residential area sold by these players in H1 FY22 against 13.28 mn sq. ft. in the year-ago period – yearly growth of 39%
• Total residential area sold in H1 FY22 surpassed corresponding pre-COVID-19 period when approx. 17.2 mn sq. ft. area was sold

Anuj Puri, Chairman – ANAROCK Group, says, “In terms of area, these 9 listed developers sold approx. 18.46 mn sq. ft. of housing space in H1 FY22, again in remarkable contrast to approx. 13.28 mn sq. ft. in the corresponding period a year ago. Amounting to an annual growth of 39%, the total residential area sold in H1 FY22 has also surpassed that of the corresponding pre-COVID-19 H1 period (FY20 period), when approx. 17.2 Mn sq. ft. area was sold.”

The top listed developers analysed are Sobha Ltd., Puravankara Ltd., Prestige Estates, Brigade Enterprises Ltd., Mahindra LifeSpaces Developers Ltd., Godrej Properties Ltd., Oberoi Realty Ltd., Kolte-Patil Developers, and Macrotech Developers (previously Lodha Group). ANAROCK has collated data as per investor presentations of each of the companies.

Driven by homebuyers’ increasing preference for branded homes, the listed developers have once again out-performed the market. Notably, these players have also reconfigured their supply pipeline to deliver projects in the affordable, mid-segment and premium segments. The ongoing low interest rate regime and homebuyers’ desire to avoid construction-related risks also played a role.

“Less than a decade ago, a largely speculator-driven housing market saw unnatural demand chasing the wrong kind of supply,” says Puri. “Today, these players are unleashing right-priced, right-sized supply clearly aimed at organic end-user demand. This is the result of intensive market research before pressing the ‘commit’ button and is one of the most notable features of the reinvented Indian housing market.”

Quarterly Trends

As expected during H1 FY22, the residential market’s second-quarter performance was significantly better than the first. For the Indian economy at large, the second pandemic wave in April and May of this fiscal year was far more devastating than the first wave in 2020 that had a major dampening impact on residential activity. Nevertheless, in terms of activity, the second wave quarter fared slightly better than the first.

Quarterly Performance – Key Highlights:

• The top 9 listed players collectively sold homes worth INR 10,669 CR in Q2 of FY22 (July to September). Their booking revenue in this given quarter rose by a staggering 89% against the same period in the last fiscal (Q2 FY21), when it was INR 5,645 Cr.
• The total area sold by these developers in Q2 FY22 also saw an 83% growth – from approx. 7.38 mn sq. ft. in Q2 FY21 to nearly 13.47 mn sq. ft. in Q2 FY22.
• As for the first quarter of FY22 (when the second pandemic wave was at its worst), the top 9 listed players sold approx. 4.99 mn sq. ft., while a year ago in Q1 FY21, the area sold was more at 5.9 mn sq. ft. 
• While in the first quarter of FY22, the total area sold by these top 9 developers saw a yearly drop of 15% compared to Q1 FY21, their booking revenue was 10% more than the preceding period – approx. INR 4,214 Cr in Q1 FY22 against INR 3,838 Cr in Q1 FY21. This may indicate higher sales in the mid to premium categories.

Also Read: Listed builders beat slowdown make sales worth Rs 228 Bn in FY2019.

The post Listed Developers Are Selling more Homes appeared first on Square Feat India.

By Varun Singh

If someone tells you real estate industry isn’t doing well then you better tell them to read this.

In the month of October itself record realty sales were registered in the city of Mumbai.

Now, a builder in Mumbai in mere four days of launching its project achieved a gross sales of ₹787 crore.

This speaks a story that not many wish to discuss, because it is positive. The realty industry is showing clear indications that it is back on track.

Just last week while having a discussion with Dr Niranjan Hiranandani about the real estate scenario he without mincing any words had said India’s GDP will see a rise.

Now with such examples in front of us, we know why Hiranandani had shown such faith.

Okay coming back to the story so a developer has managed to sell property worth ₹787 crore in just four days is a huge feat that he as achieved.

So who is the developer and which project are we talking about?

Not keeping much for you all to guess, and also not wanting to create any sensationalism here’s the entire story.

Oberoi Realty Ltd, one of India’s largest real estate developer launched a new tower in the Elysian project at Oberoi Garden City, Goregaon on October 28, 2021.

And since then till Monday morning it and has recorded gross booking value of Rs.787 crores for 3.90 Lakh sq. ft.

With this, the cumulative gross booking value from January 1, 2021 till date in Oberoi Garden City stood at Rs 2,705 crores.

The new tower offers a mix of spacious 3 and 4 BHK apartments. The 4 BHK apartments extend to spacious outdoor decks with uninterrupted views of the Aarey Greens. Elysian at Oberoi Garden City offers a state-of-the-art lifestyle and over 35 amenities that include squash courts, golf simulator, futsal court, mini theatre and many more.

Oberoi Garden City is the flagship project of Oberoi Realty that transformed Goregaon into a most sought-after real estate destination. This integrated development is spread across 80 acres and offers a ready social and lifestyle infrastructure with excellent connectivity to the business districts, suburban station and the upcoming metro.

Commenting on the response to the project, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Limited said, “It is a fantastic moment for us to receive such an overwhelming response from our customers who have time and again reposed their faith in the brand. Elysian is an ideal choice for those looking for a vibrant lifestyle in a ready ecosystem within a well-connected suburb. We are delighted and motivated by the response.”

Also Read: Lodha sells more than 1000 homes during lockdown

The post In 4 days of launch this builder Sold Homes Worth ₹787 Crore appeared first on Square Feat India.

By Anuj Puri

The BSE Realty Index recently breached the 4,000 mark to record an 11-year high. However, it is significantly lower than its peak of 13,647 in Jan 2008. Then, the SENSEX had also breached the 20,000 mark to create a new record. It was at the period when the Indian economy was consistently growing at 9% and the depth and breadth of the market were rising.

However, the real estate sector was completely unregulated and fragmented. While both the indices started to decline due to the Global Financial Crisis (GFC) which also affected the Indian economy, currently, the BSE Realty Index is 3X of its inception.

As the nation recovered from the aftermath of the GFC, the realty sector started gaining momentum as evident from the rise from 1,347 in March 2009 to 3,813 in October 2010, before the downhill slope.

The next round of growth started post-2016 and seems to be a sustainable one. During the past few years, growth was driven by the ushering of reforms such asDeMo, RERA, GST, and IBC in close succession. 

The minor correction observed towards the end of 2018 was the market’s reaction to the IL&FS crisis which impaired the liquidity in the system.

Thereafter, the BSE Realty Index has been constantly charting a growth path. 

Growth Drivers

Various factors contributed to the stable and continued growth of the BSE Realty index. The market consolidation that started post the reforms has induced more transparency and accountability among real estate players.

The entry of the large Indian corporate houses such as Tata, Godrej, L&T, Raymond, Kirloskar, and several others into the realty sector has been instrumental in raising the confidence of the buyers and institutional investors.

The rising per capita income to USD 1,901, recording a growth of 18% in the past 5 years, has also enabled the rise in demand for real estate. Over USD 26 billion of FDI in the construction development between April 2000 and June 2021, massive infrastructure spending of USD 1.35 trillion, and a buzzing IPO market that had raised over INR 42,000 crores in the past 3 years have been strong enablers of growth.

These will continue to bolster the robustness of the markets in the future.

Large and listed real estate players have significantly increased their market share. Their share of sales increased from 17% in FY17 to 31% as of Q1 FY22. Amidst high liquidity and low interest rates, large developers were able to refinance existing loans and the listed realty companies have shed 37% of debt in 18 months and improved their balance sheets.

The market, especially the residential segment, has been transformed. It is now end-users driven, resulting in reduced defaults and better cash flow management among developers. 77% of the buyers today consider developers’ credibility to be an important factor for their real estate purchase. As a result, the projects being developed by the larger listed players are in high demand.

Commercial Real Estate – Post-pandemic Resurgence 

The commercial office segment has also been on the rise. While its growth hit the pause button in 2020 due to the COVID-19 pandemic, the lost momentum has been regained. This is evident from the rising quantum of leases post the pandemic – in H1 2021, net absorption has been on the rise, increasing by 14% over the same period in the previous year.

Large leases and renewals across the cities are also visible. The rising popularity of REITs in India also corroborates the intrinsic potency of the realty index.

The stocks of listed real estate players are rallying strongly – this time driven by the strong fundamentals of sustained demand and revival of market sentiments. These factors spell certain success in the future, as well.

Note: Anuj Puri is the Chairman if ANAROCK Group, views expressed in this article are solely his.

Also Read: MMR Saw 16,510 Launches in Q3 of 2021, 140% Increase from Q2

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