Latest news with #Delhi-NCR-based
Hindustan Times
4 days ago
- Business
- Hindustan Times
DLF eyes more projects in Mumbai's real estate market, but focus remains on Andheri for now
Delhi-NCR-based real estate major DLF is eyeing further expansion in Mumbai's real estate market, signalling interest beyond its ongoing project in Andheri. However, the immediate focus remains on the current development, Aakash Ohri, joint managing director, DLF, told Delhi-NCR-based real estate major DLF is eyeing further expansion in Mumbai's real estate market, signalling interest beyond its ongoing project in Andheri. However, the immediate focus remains on the current development. (In Photo: Aakash Ohri, joint managing director, DLF)(File Photo ) 'Right now, our focus is on the Andheri project in Mumbai, but we are open to exploring more opportunities across the city, including South Mumbai, where many of our aspirational homebuyers are," Ohri told "We have received RERA approval for four towers in the Andheri project, of which two have already been launched. The remaining two will be introduced in the coming days, followed by an additional four towers in Phase 2 over the next few months," he said. According to Aakash Ohri, the Andheri project is receiving a strong response, with growing interest from local and international buyers. "We're seeing good traction from NRIs as well and are deploying teams to five countries to promote the project to them actively. That said, our first preference is being given to local Mumbai homebuyers. We aim to maintain a 20–30% share for NRI homebuyers," Ohri said. Also Read: DLF re-enters Mumbai market with over ₹800-crore The Westpark project in Andheri; Launches Phase 1 with 416 flats All about DLF's re-entry into Mumbai's real estate market DLF on July 17 announced its re-entry into the Mumbai market with the launch of its premium residential project in Andheri. The first phase of The WestPark will comprise 416 apartments across four towers, two of which were launched on July 17. The company plans to invest over ₹800 crore in the project and expects a topline of over ₹2,000 crore from Phase 1. According to the company, the entire project is spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase, apartments are priced between ₹40,000 and ₹48,000 per sq ft. Also Read: DLF's Mumbai project set to launch soon as RERA gives green light to first phase with 416 premium apartments Last month, DLF received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for this phase, comprising 416 apartments across four towers. DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme. In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012.
Hindustan Times
5 days ago
- Business
- Hindustan Times
DLF re-enters Mumbai market with over ₹800-crore The Westpark project in Andheri; Launches Phase 1 with 416 flats
Delhi-NCR-based real estate major DLF on July 17 announced its re-entry into the Mumbai market with the launch of its premium residential project in Andheri. The first phase of The WestPark will comprise 416 apartments across four towers, with two towers launched on July 17. The company plans to invest over ₹800 crore in the project and expects a topline of over ₹2,000 crore from Phase 1. DLF's The Westpark project in Mumbai will be spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase. (Photo for representational purposes only)(Pexels) "We have launched two towers, and, given the strong response, we plan to launch the remaining two towers ahead of schedule, within the next few days," said Aakash Ohri, Joint Managing Director, DLF Limited. He said that Phase 2, comprising an additional four towers, is expected to be launched next year. According to the company, the entire project is spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase, apartments are priced between ₹40,000 and ₹48,000 per sq ft. The development will also include 845 dedicated car parking spaces, along with separate visitor parking facilities. The project will feature a 50,000 sq ft clubhouse equipped with a wide range of amenities, including a wellness hub, yoga studios, meditation decks, co-working spaces, lounges, and several other lifestyle facilities. Also Read: DLF's Mumbai project set to launch soon as RERA gives green light to first phase with 416 premium apartments DLF RERA approval Last month, DLF received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for this phase, which will comprise 416 apartments across four towers. The approved first phase of the project will offer 3, 4, and 5 BHK apartments, along with a limited number of studio units, according to MahaRERA portal. According to details on the MahaRERA portal, the apartment sizes range from 1,048 sq. ft. to 2,278 sq. ft., while the five studio units each measure around 236 sq. ft. Also Read: 'DLF is here to stay in Mumbai and everyone is our competitor', says Aakash Ohri, joint MD DLF's re-entry into Mumbai DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme. In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012.
Mint
11-07-2025
- Business
- Mint
Indias data centre capacity likely to reach 3GW by 2030, says report
Mumbai, Jul 11 (PTI) India's data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at USD 1-1.5 billion (around ₹ 12,870 crore), and this figure is expected to double in the coming years, according to the report A Multi-Year Growth Proxy on India's Data Explosion and Localisation Wave by Avendus Capital. The data centre capacity of the country was estimated at 1.1 GW in 2024. Rising data consumption, AI and cloud adoption, and policy initiatives focused on data localisation are the main drivers of data centre demand, the report stated. The demand is expected to reach around 6 GW by 2033, but the supply is expected to be only 4.5 GW, leaving a gap of 1.5 GW. Much of the demand is expected to be met through large-format, hyperscale-ready infrastructure in core markets, alongside edge-ready capacity in Tier 2 and Tier 3 cities for latency-sensitive workloads, the report said, projecting a 25-30 per cent compound annual growth rate (CAGR) for the sector. The report further said that subsidised land banks and electricity duty exemptions by various state governments are emerging as key enablers for accelerating data centre capacity expansion across India. While established leaders such as STT GDC and Sify continue to anchor the market, new entrants are gearing up to meet the rising enterprise demand. Delhi-NCR-based infrastructure and real estate player Anant Raj has planned capital expenditure of USD 2.1 billion (around ₹ 18,000 crore) to achieve an operational capacity of 307 MW by 2031-2032, up from 28 MW of IT Load in 2025-26. 'With the advantage of pre-zoned sites, strong government policies, robust power access, and connectivity, we are well-positioned to meet the rising enterprise and hyperscaler, cloud-infrastructure as a service demand from both public and private sector clients,' Anant Raj Ltd Managing Director Amit Sarin said.
&w=3840&q=100)
Business Standard
11-07-2025
- Business
- Business Standard
India's data centre capacity to hit 3GW by 2030 on investment surge: Report
India's data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at $1-1.5 billion (around Rs 12,870 crore), and this figure is expected to double in the coming years, according to the report A Multi-Year Growth Proxy on India's Data Explosion and Localisation Wave by Avendus Capital. The data centre capacity of the country was estimated at 1.1 GW in 2024. Rising data consumption, AI and cloud adoption, and policy initiatives focused on data localisation are the main drivers of data centre demand, the report stated. The demand is expected to reach around 6 GW by 2033, but the supply is expected to be only 4.5 GW, leaving a gap of 1.5 GW. Much of the demand is expected to be met through large-format, hyperscale-ready infrastructure in core markets, alongside edge-ready capacity in Tier 2 and Tier 3 cities for latency-sensitive workloads, the report said, projecting a 25-30 per cent compound annual growth rate (CAGR) for the sector. The report further said that subsidised land banks and electricity duty exemptions by various state governments are emerging as key enablers for accelerating data centre capacity expansion across India. While established leaders such as STT GDC and Sify continue to anchor the market, new entrants are gearing up to meet the rising enterprise demand. Delhi-NCR-based infrastructure and real estate player Anant Raj has planned capital expenditure of $2.1 billion (around Rs 18,000 crore) to achieve an operational capacity of 307 MW by 2031-2032, up from 28 MW of IT Load in 2025-26. With the advantage of pre-zoned sites, strong government policies, robust power access, and connectivity, we are well-positioned to meet the rising enterprise and hyperscaler, cloud-infrastructure as a service demand from both public and private sector clients, Anant Raj Ltd Managing Director Amit Sarin said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
08-06-2025
- Business
- Time of India
Major 26 listed realty firms sell ₹1.62 lakh crore properties in FY25
NEW DELHI: India's 26 major listed real estate firms sold properties valuing Rs 1.62 lakh crore last fiscal, with Godrej Properties becoming largest player clocking pre-sales of nearly Rs 30,000 crore. DLF Ltd, the biggest real estate firm in terms of market capitalisation, is at the second position with record sale bookings of over Rs 21,000 crore during 2024-25, followed by Macrotech Developers (Lodha Group), Prestige Estates Projects and Signature Global . According to the data compiled from investors presentations and regulatory filings, the 26 major listed real estate companies reported a combined sales bookings or pre-sales of Rs 1,61,722 crore in the last fiscal year, a more than 20 per cent increase from 2023-24. Bulk of pre-sales (sales bookings) came from residential segment especially luxury homes, with small contribution from commercial properties. In terms of annual sales bookings, Godrej Properties emerged as the largest listed player during last fiscal with pre-sales of Rs 29,444 crore. Its pre-sales stood at Rs 22,527 crore during 2023-24. DLF's sales bookings rose to Rs 21,223 crore from Rs 14,778 crore driven by strong sales in its ultra luxury housing project The Dahlias in Gurugram. Mumbai-based Macrotech Developers Ltd reported sale bookings of Rs 17,630 crore in FY25 as against Rs 14,520 crore in the preceding year. Bengaluru-based Prestige Estates Projects clocked sale bookings of Rs 17,023 crore last fiscal as against Rs 21,040 crore in 2023-24. Delhi-NCR based Signature Global achieved sales bookings of Rs 10,290 crore as against Rs 7,270 crore. There were many real estate firms which clocked annual sales between Rs 5,000 crore and Rs 10,000 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 8,087 crore last fiscal, a sharp jump from Rs 3,985 crore in the preceding year. Bengaluru-based Brigade Enterprises reported a sales bookings of Rs 7,847 crore as against Rs 6,013 crore. Sobha Ltd's pre-sales fell to Rs 6,277 crore from Rs 6,644 crore. Delhi-NCR-based Max Estates sold properties worth Rs 5,321 crore last fiscal as against Rs 1,844 crore in the preceding year. Mumbai-based Oberoi Realty sold properties worth Rs 5,281 crore in FY25. Puravankara Ltd sales bookings declined to Rs 5,006 crore from Rs 5,914 crore. In below Rs 5,000 crore annual pre-sales category, Delhi-based TARC Ltd sold properties worth Rs 3,722 crore as against Rs 1,612 crore in FY24. Mumbai-based Keystone Realtors (Rustomjee) sale bookings grew to Rs 3,028 crore from Rs 2,266 crore. Mahindra Lifespace Developers' pre-sales rose to Rs 2,804 crore from Rs 2,328 crore. Pune based Kolte-Patil Developers Ltd sales fell marginally to Rs 2,791 crore from Rs 2,822 crore. Sales bookings of Sunteck Realty went up to Rs 2,531 crore from Rs 1,915 crore. Raymond Ltd sold properties worth Rs 2,310 crore last fiscal as against Rs 2,249 crore in the preceding year. Bengaluru-based Shriram Properties sales bookings fell to Rs 2,288 crore from Rs 2,362 crore. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. There were many players that reported annual pre-sales below Rs 2,000 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 1,936.75 crore during the last fiscal as against Rs 1,798.22 crore in the preceding year. Ahmedabad-based Arvind Smartspaces sold properties worth Rs 1,271 crore FY25 as against Rs 1,107 crore in the preceding year. Ajmera Realty & Infrastructure Ltd sales bookings grew to Rs 1,080 crore from Rs 1,017 crore. Arihant SuperstructuresLtd sales bookings stood at Rs 888.7 crore as against Rs 970.6 crore. Arkade Developers' sales bookings grew to Rs 773 crore from Rs 645 crore. Suraj Estate Developers sold properties worth Rs 501 crore in FY25 as against Rs 483 crore in the preceding year. Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 337.5 crore last fiscal as against Rs 388.7 crore in the 2023-24 financial year. Sale bookings data of many listed players was not available on the stock exchanges. Market experts attributed the strong performance of listed players to a gradual shift in consumers preference towards branded and reputed players which have better track record of executing real estate projects. With lakhs of homebuyers still stuck in stalled housing projects, the prospective customers do not want to take risk on their investments.
