Strategically located near the Satellite Town Ring Road (STRR), the land parcel offers excellent connectivity and growth potential. The development will primarily focus on plotted residential layouts, aligning with the rising demand for open, flexible housing formats in this part of the city.

Doddaballapur is witnessing rapid transformation due to its proximity to Kempegowda International Airport, infrastructure projects like STRR, expanding industrial zones, and natural attractions such as Nandi Hills. These factors are making the region increasingly attractive to both homebuyers and developers.

Speaking about the acquisition, Gaurav Pandey, Managing Director & CEO, Godrej Properties, said:

“We are pleased to announce the acquisition of this prime land parcel in Doddaballapur, a high-potential micro market in North Bengaluru. This investment reinforces our focus on expanding our presence in key growth corridors through well-planned residential communities. Bengaluru continues to be a priority market for us, and we look forward to creating a development that offers long-term value to its residents.”

With this move, Godrej Properties strengthens its presence in North Bengaluru, a region that’s quickly emerging as a hotspot for plotted and villa developments.

Also Read: Godrej Properties purchases 89 acres of land in Khalapur

The post Godrej Properties Acquires 48-Acre Land Parcel in Doddaballapur, Bengaluru for Plotted Residential Project appeared first on Square Feat India.

IPO Details and Objectives

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

• At least 75% of the net issue will be allocated to qualified institutional buyers (QIBs).
• Not more than 15% will be available to non-institutional bidders (NIIs).
• Not less than 10% will be reserved for retail individual investors (RIIs).

The company may also consider a pre-IPO placement of up to ₹200 crore, not exceeding 20% of the fresh issue size. In such a case, the size of the fresh issue would be reduced accordingly. Additionally, the IPO will include a reservation for eligible employees with a discount on the employee reservation portion.

Utilization of Funds

The proceeds from the IPO will be used as follows:

1. Debt Repayment: ₹200 crore for repayment or prepayment of certain outstanding borrowings.
2. Subsidiary Investment: ₹450 crore to fund its material subsidiaries—Susneh Infrapark Private Limited, Runwal Residency Private Limited, and Evie Real Estate Private Limited—for debt repayment and real estate project investments.
3. Future Projects and General Corporate Purposes: Remaining funds will support future real estate acquisitions and general corporate expenses.

Runwal Enterprises: A Real Estate Powerhouse

Runwal Enterprises is a well-known brand in the Mumbai real estate market, specializing in residential projects spanning affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. The company has established a robust presence, particularly in Mumbai’s eastern suburbs, where it holds the top position in the Kalyan-Dombivli submarket.

According to a JLL Report, the company ranks second in new launches and sales between January 2019 and September 2024, with market shares of 5.69% and 5.25%, respectively. The developer has completed 15 projects, with 25 ongoing and 32 upcoming developments. The total developable area of completed, ongoing, and upcoming projects stands at 48.71 million square feet as of September 30, 2024.

Diversifying Portfolio and Growth

Initially focused on affordable and mid-income housing, Runwal Enterprises has expanded into the luxury housing segment, with landmark developments like 7 Mahalaxmi. The company’s flagship residential projects include Runwal Gardens in Dombivli and Runwal Greens in Mulund West. More recently, it has widened its footprint beyond the eastern suburbs, moving into Mahalaxmi and Bandra.

Financial Performance

Runwal Enterprises has showcased remarkable financial growth, reporting a 188.55% increase in revenue from ₹229.49 crore in FY23 to ₹662.19 crore in FY24. The surge was driven mainly by revenue from the sale of residential units at the Runwal Gardens project, undertaken by its subsidiary Runwal Residency Private Limited. The company turned profitable, recording a net profit of ₹107.28 crore in FY24, compared to a loss in FY23. For the six months ending September 30, 2024, it posted revenue of ₹270.52 crore and a profit of ₹25.53 crore.

IPO Management and Listing

ICICI Securities Limited and Jefferies India Private Limited are the book-running lead managers for the IPO, while MUFG Intime India Private Limited is the registrar. The equity shares are proposed to be listed on BSE and NSE.

With this IPO, Runwal Enterprises aims to strengthen its financial position, expand its real estate portfolio, and capitalize on growth opportunities in Mumbai’s booming property market.

Also Read: WeWork India Files DRHP with SEBI for IPO

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Godrej Properties Limited (GPL) has secured three contiguous land parcels in Kharghar, Navi Mumbai, on a 60-year lease from the City and Industrial Development Corporation (CIDCO) for ₹716.58 crore. According to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website, the total land area spans 26,478 square meters (~2.64 hectares/~6.54 acres). All transactions were registered in March 2025.

Navi Mumbai’s Booming Real Estate Market

Navi Mumbai is witnessing a surge in real estate activity, driven by extensive infrastructure developments such as:

• Atal Setu (Mumbai Trans Harbour Link) becoming operational
• The upcoming Navi Mumbai International Airport (NMIA)

These projects have significantly boosted demand for residential and commercial properties in Navi Mumbai, particularly in Kharghar, Vashi, Belapur CBD, and Panvel.

Anand Moorthy, Co-founder and CBO, Capital Market & Services at Square Yards, emphasized this growth, stating:

“Our data shows a 35% YoY increase in registered residential transactions in Q4 (October-December) 2024. Developers are aggressively expanding their presence, launching large-scale projects. The combination of improved connectivity and upcoming commercial developments is set to create a dynamic environment for real estate growth across various asset classes.”

Kharghar: A Thriving Real Estate Hub

Kharghar, a well-planned residential and commercial locality in Navi Mumbai, is developed by CIDCO and offers excellent connectivity via:

• Mumbai-Pune Expressway
• Sion-Panvel Highway
• Upcoming Navi Mumbai Metro

The area also boasts strong social infrastructure, featuring renowned schools, hospitals, retail centers, and entertainment zones.

Further strengthening Kharghar’s potential, CIDCO has proposed the International Corporate Park (ICP), an ambitious business district set to include modern office spaces and world-class amenities, boosting economic activity and employment opportunities.

Inside the Godrej Properties-CIDCO Land Deal

According to IGR property registration documents reviewed by Square Yards, Godrej Properties Limited leased three contiguous land parcels spanning a total of 26,478 square meters (~2.64 hectares/~6.54 acres).

• Total lease value: ₹716.58 crore
• Total stamp duty paid: ₹35.82 crore
• Registration fee: ₹30,000 per transaction
• Lease tenure: 60 years
• Zoning: Mixed-use (residential and commercial)

This strategic acquisition is expected to pave the way for new residential and commercial developments, further reinforcing Godrej Properties’ presence in Mumbai’s growing real estate sector.

Kharghar’s Real Estate Market Performance

As per Square Yards Data Intelligence, Kharghar recorded 4,112 residential sale transactions between January 2024 and December 2024, with a total transaction value of ₹3,771 crore.

• Average property price: ₹17,600 per sq. ft. (as of December 2024)

This data highlights strong buyer demand and rising property values, making Kharghar a prime location for large-scale real estate investments.

About Godrej Properties Limited and CIDCO

Godrej Properties Limited (GPL)

Godrej Properties is a leading real estate developer in India and a subsidiary of the Godrej Group, a 125-year-old conglomerate. Operating in 12 cities, Godrej Properties became a publicly listed company in 2010, raising USD 100 million through its IPO. The company is known for its sustainable and innovative real estate projects across India.

City and Industrial Development Corporation of Maharashtra (CIDCO)

Established in 1970, CIDCO is a city planning and urban development authority under the Government of Maharashtra. It plays a vital role in infrastructure planning, city development, and affordable housing projects in Navi Mumbai and other regions.

Conclusion: A Strategic Move in Navi Mumbai’s Growth Story

Godrej Properties’ ₹717 crore land acquisition in Kharghar is a strategic move, capitalizing on Navi Mumbai’s rapid urbanization and rising real estate demand. With infrastructure upgrades, a booming commercial sector, and increasing residential demand, this investment is set to contribute to Kharghar’s transformation into a premium real estate destination in the coming years.

Also Read: CIDCO Lottery receives so far 10K applications

The post Godrej Properties Limited Acquires Land from CIDCO on a 60-Year Lease in Navi Mumbai for ₹717 Crore appeared first on Square Feat India.

Rising Demand for Smaller Luxury Homes

Real estate analysts say the demand for smaller luxury apartments in premium locations is being fueled by young professionals, small business owners, and nuclear families looking for high-end living without the space requirements of larger homes.

“Buyers today are prioritizing location, design, and amenities over size. The need for well-connected luxury residencesis growing, particularly in central locations like Dadar and Shivaji Park,” said a property consultant tracking South Mumbai’s residential market.

Viyaara Realty’s Altiora project is expected to be one of the first in the city to offer 1 and 2 BHK residences with a 10.5 ft floor-to-floor height, a feature usually found in 4 and 5 BHK apartments.

Project Details and Market Positioning

The 85,000 sq. ft. project will include 1 BHK units (445 sq. ft.) and 2 BHK units (650 & 720 sq. ft.), with pricing ranging from ₹2 crore to ₹4 crore. The residences will feature views of the western waterfront and Eastern Bay (Nava Sheva), along with amenities such as a gym, multipurpose hall, and designated parking spaces.

“Dadar and Shivaji Park remain some of the most sought-after residential areas in Mumbai due to their connectivity and social infrastructure. With transport networks like the Worli Sea Link and the upcoming Mumbai Coastal Road, access to key business districts has improved significantly,” said Manoj Paliwal, Director, Viyaara Realty.

Shifting Trends in Mumbai’s High-End Housing Market

Luxury housing in Mumbai has traditionally been associated with spacious 4 and 5 BHK apartments, but developers are now focusing on smaller premium homes in prime locations.

“Affordability within luxury housing is becoming a factor, and buyers are opting for compact but well-locatedapartments instead of moving to larger homes in less central areas,” said a real estate market analyst.

Altiora is scheduled for completion by 2029, with its registration under MahaRERA ensuring regulatory oversight. Industry experts believe that as housing preferences evolve, more developers may follow this compact luxury model in Mumbai’s high-demand areas.

Also Read: Builders fear delay in projects because of Coronavirus

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According to a recent report by Square Yards, Gurugram’s Sohna region and Dwarka Expressway will see the completion of nearly 41,000 residential units between 2025 and 2027, with a major chunk—25,000 units—delivered along the Dwarka Expressway corridor. This rapid expansion is driven by improved connectivity, premium infrastructure, and high demand for luxury housing.

A Prime Real Estate Destination

The Dwarka Expressway has emerged as a key real estate hub due to its seamless connectivity between Delhi, Gurugram, and Indira Gandhi International Airport. Major developers are capitalizing on this advantage by launching high-end residential projects, including luxury apartments, villas, and penthouses equipped with world-class amenities.

“The Dwarka Expressway isn’t just another location—it’s a premium lifestyle destination,” said Varun Sharma, Founder and Managing Director of MVN Infrastructure. “With property values appreciating by over 20% in just six months, this corridor is now one of the most lucrative real estate markets in the country.”

Luxury Housing & Branded Residences on the Rise

To cater to the growing demand for upscale living, leading developers have announced premium projects featuring landscaped gardens, swimming pools, clubhouses, and advanced security systems. In a significant development, Whiteland Corporation has partnered with Marriott International to bring Westin Residences to Gurugram—the first standalone Westin-branded residential project in India.

“With Westin Residences Gurugram, we are bringing world-class wellness, personalized services, and resort-like living to homeowners,” said Sudeep Bhatt, Director Strategy at Whiteland Corporation.

Growing Investment & Future Prospects

The real estate market in India is on an upward trajectory, expected to reach $1 trillion by 2030. With massive infrastructure projects, strategic commercial expansion, and rising investor confidence, the Dwarka Expressway corridor is set to be a game-changer for the NCR housing market.

Industry experts believe that the timely completion of these 25,000 homes will further solidify the Dwarka Expressway’s status as a premier real estate hotspot, offering a blend of luxury, convenience, and high returns on investment.

Also Read: Dwarka Expressway Property Prices Surge by 15.86% Since Inauguration

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Strategic Expansion in Key Markets

This marks the fourth land acquisition by TVS Emerald in the current financial year. Prior to this, the company acquired:

• A 12-acre land parcel on Radial Road, Chennai
• A ~4.8-acre land parcel in Padur, Chennai
• A 4-acre land parcel in Thanisandra, Bengaluru

With these acquisitions, the overall development potential of TVS Emerald’s ongoing and upcoming projects now stands at 8.2 million sq ft.

Leadership Vision & Market Positioning

Sriram Iyer, Director and CEO of TVS Emerald, emphasized the company’s steady expansion in major real estate hubs. “We have been growing steadily with multiple acquisitions across Chennai & Bengaluru. The acquisition of this land parcel – our 4th this year – will only help us further consolidate our position in the market. Our presence in key micro-markets will help us move closer to a leadership position and reinforce our position as a trusted brand in the residential space.”

Implications for the Real Estate Market

TVS Emerald’s strategic investments highlight the growing demand for residential and mixed-use developments in Chennai and Bengaluru. With a robust pipeline of projects, the company aims to cater to the evolving needs of homebuyers while strengthening its market footprint.

As the company continues its expansion, industry experts anticipate that TVS Emerald’s increasing footprint in high-growth micro-markets will further elevate its position as a key player in India’s real estate sector.

Also Read: Bengaluru Housing Market

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The company recorded a sales value of INR 270 crore for Q3 FY25, marking a 7% year-on-year (YoY) growth compared to INR 253 crore in Q3 FY24. The growth in sales was fueled by the successful launch of Ajmera Iris, a premium residential project in Bengaluru, which saw 47% of its inventory sold within the quarter.

Ajmera Realty’s performance in the third quarter was further reinforced by its steady collection figures, which rose by 10% YoY to INR 167 crore, up from INR 151 crore in the same period last year. This growth in collections reflects strong customer payouts, and the company’s ability to convert sales into cash flow.

The total carpet area sold during Q3 FY25 grew by 59% YoY to 1,65,116 square feet, compared to 1,03,573 square feet in Q3 FY24. The company also showed strong growth in its nine-month performance (9M FY25), with sales value increasing by 14% to INR 830 crore, up from INR 730 crore in the corresponding period of FY24. Likewise, collections for the nine-month period surged 25%, reaching INR 464 crore, compared to INR 373 crore last year.

One of the key contributors to the sales performance was the Ajmera Vihara project, which achieved 61% sales in the first nine months of FY25. The launch of new projects like Ajmera Iris and the limited inventory available in ongoing projects have been pivotal in maintaining sales momentum throughout the year.

Commenting on the company’s performance, Mr. Dhaval Ajmera, Director at Ajmera Realty & Infra India Ltd, said, “In Q3 FY25, Ajmera Realty delivered a steady performance, with sales driven by our recently launched portfolio and limited inventory availability across projects. The velocity of our launched portfolio contributed over 40% to our sales during the nine-month period, demonstrating our ability to align with market expectations.”

Looking ahead, Mr. Ajmera expressed optimism about the upcoming quarters. He highlighted that the company is well-capitalized following a recent successful preference issue and that the easing of interest rates, coupled with improved macroeconomic conditions, is expected to bolster the real estate sector. “As we progress through CY25, we anticipate robust sales growth supported by easing rates and improving market sentiment,” he added.

With an ambitious target of achieving 5x growth in the coming years, Ajmera Realty is poised to capitalize on emerging market opportunities, focusing on delivering value to stakeholders while maintaining its position as a key player in India’s real estate sector.

Also Read: 59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD

The post Ajmera Realty Achieves INR 270 Crore Sales in Q3 FY25, Driven by Launch of ‘Ajmera Iris’ appeared first on Square Feat India.

Sriram Iyer, Director & CEO of TVS Emerald, commented on the landmark acquisition, saying, “This acquisition underscores our strategic growth plan and strengthens our market leadership in both Chennai and Bengaluru. Securing land on the premium Radial Road corridor enhances our portfolio and creates substantial value for our stakeholders. This move aligns with our vision of developing world-class properties in high-potential locations.”

The new acquisition follows the success of TVS Emerald’s previous projects in the area, including TVS Emerald Elements and TVS Emerald Lighthouse, both of which have seen strong sales. TVS Emerald’s consistent expansion strategy aims to further solidify its presence in Chennai’s booming real estate market.

TVS Emerald, a subsidiary of TVS Holdings, has already delivered approximately 3.6 million square feet of residential projects in Chennai and is currently developing around 8.6 million square feet across various locations.

Also Read: Bajaj Family Members and Trust buys apartments for Rs 103.73 Crore

The post TVS Emerald Acquires 12-Acre Land Parcel on Pallavaram-Thoraipakkam Road in One of Chennai’s Largest Real Estate Deals appeared first on Square Feat India.

Among the listed developers, Bengaluru-based Prestige Group has the largest planned supply, with 75 million square feet scheduled for launch over the next few years. However, the group launched just 13% of its planned supply (10.05 million square feet) in H1 FY 2025. Signature Global follows with the second-highest planned supply of 29.3 million square feet, with approximately 32% of its planned supply (9.5 million square feet) launched in the same period.

The other developers in the top 11 list, including Godrej Properties, Sobha Limited, DLF Limited, Brigade Enterprises, Mahindra Lifespace, and others, are also poised to release substantial new supply. However, a significant portion of their planned supply remains in the pipeline, with most of these launches expected in the latter half of FY 2025.

According to Dr. Prashant Thakur, Regional Director & Head of Research at ANAROCK, the low percentage of launches in H1 FY 2025 was primarily due to election-related approval delays. With the elections now concluded, developers are expected to accelerate their launches in the coming months. Thakur adds, “Given the high demand for branded housing, these developers are tapping into the capital markets for funding. In the first nine months of 2024, they raised INR 12,801 crore via Qualified Institutional Placements (QIPs), much of which will be allocated to land acquisition and residential project launches.”

The demand-supply dynamics are also shifting in favor of developers. Inventory overhang across the top 7 cities (Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune, Chennai, and Kolkata) is at its lowest point in 14 months, with just 14 months of unsold housing inventory left by the end of September 2024. This is a marked improvement from 17 months in the same period last year, signaling a recovery in the housing market. Inventory overhang refers to the number of months it would take for the current unsold stock to be absorbed at the current rate of sales. A period of 18-24 months is considered a balanced inventory level.

Among the top 7 cities, Hyderabad has the highest inventory overhang at 19 months, while Bengaluru has the lowest at just 8 months. Over the past two years, Bengaluru’s unsold inventory has decreased by 6 months, while Hyderabad has seen a more modest drop of 2 months. Hyderabad has also witnessed a substantial infusion of new supply over this period.

As new launches increase in 2025, the reduced inventory overhang, combined with rising demand for branded housing, is expected to drive a more balanced and competitive market. Developers are expected to meet this demand with fresh supply, fueled by the capital raised through QIPs and other funding mechanisms. With the election-related delays behind them, the next few quarters could see a wave of new housing projects across India’s top cities.

Also Read: Need for Housing Stock Through PPP: BMC Commissioner

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Excentia Tatva aims to be Dehradun’s first IGBC Certified Gold-Rated green residential complex, providing a sustainable living environment in a low Air Quality Index (AQI) zone. Its strategic location offers convenient access to key landmarks, including Max Super Speciality Hospital and the Taj Hotel.

Manit Sethi, Director of Excentia Infra, highlighted the project’s vision, stating, “At Tatva, we seek to offer a rare living experience in Dehradun, a city known for its lush forestry and natural beauty. It will combine luxury and sustainability in a way that reflects our vision for the future of residential real estate. This is an incredible opportunity for homebuyers looking for a luxurious, eco-friendly residence in a prime location like Rajpur Road.”

The project will offer 3 and 4 BHK units ranging from 2,000 to 4,600 square feet, with prices starting at approximately ₹2.9 crore. Residents can expect a range of world-class amenities, including a five-star clubhouse, cascade pool, terrace facilities, a multi-cuisine restaurant, an infinity lap pool, a luxury spa, and a historic tree courtyard centered around a 200-year-old tree.

The launch of Tatva is part of Excentia Infra’s broader expansion strategy, which includes high-profile developments across Noida, Kota, and Dehradun. With over 38 years of experience in the industry, Excentia Infra has successfully completed numerous residential and retail projects and is currently developing 3.5 million square feet across various initiatives.

Also Read: Enhanced Connectivity and Redevelopment Fuel South Central Mumbai’s Real Estate Boom

The post Excentia Infra to Invest ₹650 Crore in Uber-Luxury Project Tatva in Dehradun appeared first on Square Feat India.