Macrotech Developers Reports 39 Percent Q1 Sales Surge, Reaching Rs 53.6 Billion Milestone
TRU Realty Launches Luxury Housing Projects In Juhu And Andheri, Mumbai Market Expands
Mumbai’s premium housing segment is set for fresh momentum as TRU Realty forays into the city with two luxury projects in the Juhu–Andheri corridor. The developments, covering 0.3 million sq ft, have received regulatory clearance under RERA and represent an estimated investment of ₹2.5 billion, with projected revenues of ₹4 billion by 2028.
The projects are strategically positioned near major infrastructure links, including metro lines and arterial roads, catering to high-income homebuyers seeking proximity to business hubs and lifestyle conveniences. Industry experts note that this entry signals a shift in TRU Realty’s growth strategy towards capturing Mumbai’s premium residential demand while aligning with urban redevelopment goals. Company officials emphasised that the launch complements its broader vision of sustainable and inclusive urban living. The developer is actively pursuing designs that optimise green building standards, energy efficiency, and climate resilience in line with evolving buyer preferences and regulatory frameworks.
Beyond these Mumbai launches, TRU Realty is advancing multiple redevelopment initiatives across key Indian cities, reinforcing its presence in high-value property markets. Currently managing eight projects in Mumbai and Pune, the firm has already delivered over 210 homes and holds assets under development exceeding ₹10 billion as of FY 2024–25. Analysts view the company’s Mumbai entry as well-timed, with the city’s western suburbs witnessing sustained demand from affluent buyers and NRIs. The Juhu–Andheri stretch, in particular, has seen a revival in premium housing driven by infrastructure upgrades, redevelopment projects, and shifting lifestyle aspirations.
The developer’s investment push also comes amid rising competition in the luxury housing space, where quick project execution and clear legal compliance are key differentiators. By securing RERA clearance upfront and investing in prime locations, TRU Realty aims to mitigate delays and enhance buyer confidence. Real estate consultants predict that the two projects will contribute to the densification of Mumbai’s western corridor while potentially setting benchmarks for sustainability in luxury housing. If delivered as planned, the projects could strengthen TRU Realty’s brand equity in India’s most competitive residential market and position it for further high-value acquisitions.
TRU Realty Launches Luxury Housing Projects In Juhu And Andheri, Mumbai Market Expands
Keystone Realtors Acquires Three Mumbai Land Parcels For ₹7,700 Crore Housing Projects
Mumbai’s residential real estate market is set for a significant boost as Keystone Realtors Ltd, operating under the Rustomjee brand, has secured three major redevelopment projects with a combined gross development value (GDV) of ₹7,727 crore. The deals, finalised during the April–June quarter of FY 2025–26, mark a new growth phase for the Mumbai-based developer, which is also actively scouting for more land parcels in the Mumbai Metropolitan Region (MMR).
According to company officials, this acquisition surge has already surpassed Keystone’s annual target of adding projects worth ₹6,000 crore. The firm’s aggressive expansion aligns with the growing demand for urban redevelopment, particularly in prime Mumbai locations where land scarcity and ageing housing stock are driving large-scale cluster and society reconstruction. The latest portfolio additions include a ₹4,521 crore GTB Nagar Cluster redevelopment in Sion, a ₹2,956 crore Lokhandwala Cluster project in Andheri West, and a ₹251 crore redevelopment scheme in Goregaon East. Together, these projects will deliver approximately 3.25 million square feet of saleable residential space, aimed at middle- and upper-income buyers seeking modern, sustainable homes.
While the acquisitions mark a high point in business development, Keystone also reported record pre-sales of ₹1,068 crore in the first quarter—a 75% year-on-year jump—driven by new launches worth nearly ₹4,000 crore. This figure accounts for 57% of the company’s targeted launches of ₹7,000 crore for the fiscal year. However, the company’s financial results present a mixed picture. Net profit fell by 44% year-on-year to ₹14.51 crore, with total income down to ₹288.64 crore from ₹437.20 crore. Management attributed this decline to revenue recognition constraints under the project completion method, but confirmed a strategic shift towards the percentage of completion method, which is expected to better reflect operational performance in ongoing quarters.
Keystone’s prominence in Mumbai’s redevelopment sector reflects a wider trend in India’s urban real estate market, where developers are increasingly focusing on regenerating old housing clusters to maximise land efficiency. Industry experts highlight that such projects, if executed with eco-friendly designs and low-carbon construction methods, could significantly contribute to sustainable urban growth while easing housing shortages in land-starved metros. The company’s expansion drive not only strengthens its position in the high-value MMR market but also signals rising investor confidence in the redevelopment model. With multiple large-scale launches planned and further acquisitions under consideration, Keystone Realtors is positioning itself as a key player in shaping the future of Mumbai’s residential skyline.
Keystone Realtors Acquires Three Mumbai Land Parcels For ₹7,700 Crore Housing Projects
Lodha Developers To Launch Pilot Projects, Acquire Land For Delhi-NCR Expansion
Lodha Developers is gearing up to enter the Delhi-NCR real estate market with a carefully planned pilot phase and strategic land acquisitions during the current financial year. This move forms a key part of the company’s broader national expansion strategy as it seeks to diversify beyond its established strongholds of Mumbai, Pune, and Bengaluru.
Officials from Lodha Developers have indicated that the initial focus will be on launching a limited number of residential projects in the Delhi-NCR region. The pilot phase aims to assess local market dynamics while building operational expertise, enabling the company to tailor its offerings to regional demand. This approach underscores Lodha’s commitment to sustainable growth, favouring measured entry over rapid scaling. Land acquisition efforts are underway, with the company evaluating various micro-markets within Delhi-NCR to identify parcels that align with its premium housing brand and long-term profitability objectives. Both outright land purchases and joint development agreements are being considered as viable routes for expansion. While specific locations remain confidential, Lodha’s priority is to target areas that offer strong growth potential and fit the company’s upscale portfolio.
This phased expansion model is consistent with Lodha Developers’ earlier market entries in Pune and Bengaluru, where similar pilot initiatives laid the groundwork for scaling up operations. The company has ambitious plans to increase its market share across key regions by 2030, aiming to double its presence in the Mumbai Metropolitan Region from 10% to 20%, in Pune from 5% to 15%, and in Bengaluru from 2% to 12%. Financially, Lodha Developers has demonstrated robust growth in recent quarters. The firm reported ₹4,450 crore in sales bookings for the first quarter of FY26, marking a 10% year-on-year increase. Total income also rose substantially to ₹3,624.7 crore compared to ₹2,918.3 crore in the corresponding period last year. These figures highlight the company’s strong market position and operational efficiency.
Lodha Developers has a proven track record of delivering high-quality residential projects, with over 110 million square feet completed and more than 130 million square feet currently under development or planning. The entry into Delhi-NCR represents a strategic move to capture a significant share of India’s fastest-growing real estate market, capitalising on urbanisation and rising housing demand. The company emphasises that building a capable local team and understanding the intricacies of the Delhi-NCR market are critical steps before committing to full-scale operations. This thoughtful, data-driven approach reflects Lodha’s focus on sustainability and long-term value creation rather than immediate scale.
While project specifics, configurations, and pricing details for the Delhi-NCR market are yet to be announced, the move signals Lodha Developers’ confidence in the region’s growth prospects and aligns with broader trends in India’s real estate sector. With this strategic entry, the company positions itself to play a significant role in shaping the housing landscape of the National Capital Region over the coming decade. As Lodha Developers progresses with land acquisitions and initial project launches, further updates are anticipated, offering deeper insights into its expansion strategy and contributions to sustainable urban development in Delhi-NCR.
Lodha Developers To Launch Pilot Projects, Acquire Land For Delhi-NCR Expansion
Adani Airports To Develop Rs 20,000 Crore Realty Projects Around Major Airports
Adani Airports has unveiled plans for a Rs 20,000 crore cityside development programme, with nearly Rs 14,000 crore earmarked for large-scale real estate projects near Mumbai and Navi Mumbai airports. The move seeks to create integrated, walkable hubs blending retail, hospitality, and business spaces, while targeting a significant rise in non-aeronautical revenues.
Officials stated that the investment aims to shift the revenue balance in favour of commercial activity, with non-aero income expected to contribute 70% of airport earnings by 2030, up from the current 50%. Passenger and airline fees, traditionally the mainstay of airport finances, are projected to account for less than 30% in the future. The first quarter of FY26 reflected the momentum, with the airport business generating Rs 2,715 crore in revenue, marking a 25% year-on-year rise. The growth, according to experts, was driven by higher passenger footfalls and a stronger performance in commercial leasing and retail. Airports now stand as the third-largest revenue generator for the group, trailing only its resource management and renewable energy divisions.
The first phase of the development covers 655 acres across eight airports, with Navi Mumbai emerging as the flagship site. Spanning 240 acres, the project will feature five hotels with a combined 1,000 rooms, three premium office towers, and a high-capacity shopping mall. The layout will prioritise pedestrian access, aligning with sustainable urban planning practices. Industry analysts note that this strategy could set new benchmarks for airport-led urban development in India, positioning transport hubs as economic and cultural anchors rather than just transit points. The developments are also expected to integrate green building standards, reducing energy footprints and enhancing public spaces.
To finance the expansion, the company recently secured USD 750 million through external commercial borrowings. According to senior executives, this capital will fund not only the physical infrastructure but also the creation of high-value, long-term lease opportunities aimed at corporate tenants and hospitality brands. Aviation sector experts believe that such cityside ventures could transform surrounding regions into high-demand real estate corridors, attracting sustained business activity and tourism. By combining travel infrastructure with lifestyle and business facilities, these hubs could play a key role in driving eco-friendly urban growth.
With construction plans advancing, Mumbai and Navi Mumbai are set to lead the way in turning airports into vibrant, revenue-generating, sustainable districts, changing the way Indian cities view transport-linked development.
Adani Airports To Develop Rs 20,000 Crore Realty Projects Around Major Airports
Bengaluru Yellow Line Metro Boosts Affordable Housing Access With Faster Citywide Connectivity
Bengaluru’s Yellow Line of the Namma Metro is set to reshape the city’s residential landscape by improving access to affordable housing hubs and shortening commute times for thousands of workers in the southern IT corridor. Real estate analysts say the 19-km corridor will connect emerging residential pockets to major employment hubs, creating new opportunities for both buyers and developers.
The line links RV Road to Bommasandra via key stops including Jayadeva, BTM Layout, Silk Board, and Electronic City Phases 1 and 2. Officials note that the major interchange at Jayadeva will connect to the Pink Line, while RV Road will integrate with the Green Line, expanding access across the city. Industry experts say this improved connectivity will allow young professionals, hybrid workers, and first-time buyers to explore homes in areas such as HSR Layout, Kudlu Gate, Bommanahalli, JP Nagar, and Jayanagar—locations that previously suffered from long travel times to southern job hubs. In many of these pockets, prices remain competitive compared to established micro-markets like Whitefield and Sarjapur.
Developers have already responded to the infrastructure upgrade, with new residential launches in Bommasandra starting from ₹80 lakh and Electronic City projects beginning at ₹1 crore. Industry trackers highlight that mid-segment housing—mainly 2 and 3-BHK units priced between ₹80 lakh and ₹1.5 crore—is poised to benefit most, though premium offerings near metro stations are also expected to see higher demand. Analysts anticipate property values near Yellow Line stations in Electronic City and Bommasandra could rise by 6–8% within a year, driven by faster commutes and improved access to employment hubs. Current average prices hover at ₹7,000–7,500 per sq ft in Electronic City and ₹6,000–6,500 per sq ft in Bommasandra.
Experts also suggest the metro will strengthen Bengaluru’s shift towards a polycentric urban model, easing pressure on overburdened areas while unlocking peripheral markets. For industries based in southern Bengaluru’s manufacturing and technology clusters, improved transit is expected to aid talent attraction and retention. Urban planners say that enhanced public transport options also align with the city’s long-term sustainability goals, reducing dependence on private vehicles, lowering congestion, and supporting lower carbon emissions. This transit-led development model could encourage greener, denser, and more liveable neighbourhoods along the Yellow Line corridor.
While premium developers target executives and non-resident buyers with upscale amenities, housing advocates stress the importance of balancing luxury projects with affordable and mid-income options to ensure equitable growth. As metro access becomes a key determinant in housing choices, the corridor’s transformation could mark a defining moment in Bengaluru’s real estate evolution.
Bengaluru Yellow Line Metro Boosts Affordable Housing Access With Faster Citywide Connectivity
Ministry of Coal Starts Scientific Mining Operations in Two Meghalaya Coal Blocks
The Ministry of Coal has initiated scientific coal mining operations in two key coal blocks in Meghalaya, marking a significant advancement in sustainable and regulated energy extraction in the region. The Saryngkham A Coal Block in East Jaintia Hills District received official permission to commence operations on 10 March 2025 and began production by 3 June 2025. Similarly, the Pyndengshahlang Coal Block in West Khasi Hills District was authorised to open on 2 May 2025, with production starting shortly after on 5 June 2025.
These developments underscore the Ministry’s commitment to promoting legal, safe, and environmentally responsible mining practices in the North-Eastern states, a region critical to India’s energy security. By adopting scientific mining techniques, the Ministry aims to mitigate the ecological impact traditionally associated with coal extraction, aligning with broader national objectives of sustainable development and zero net carbon goals. Officials involved have highlighted the importance of collaborative efforts with state governments to enhance scientific mining operations and improve coal transportation infrastructure across Meghalaya and the wider North-East. These measures are expected to streamline coal supply chains and bolster regional economic growth while ensuring energy demands are met through regulated and responsible mining.
The move to open these coal blocks using modern, scientific methods represents a forward step in integrating resource extraction with ecological stewardship. It also reflects the government’s strategic focus on strengthening energy resources in a manner that supports sustainable urban and industrial development in adjoining regions. As India intensifies its transition towards cleaner energy, the Ministry of Coal’s initiative in Meghalaya serves as a balanced approach to maintaining energy security without compromising environmental safeguards. This approach will likely set a precedent for future mining projects across the country, fostering equitable growth while adhering to green principles.
With the commencement of operations in these two coal blocks, Meghalaya is poised to increase its contribution to the nation’s coal output responsibly, showcasing a model for scientific mining that other states might emulate in their resource management strategies.
Ministry of Coal Starts Scientific Mining Operations in Two Meghalaya Coal Blocks
Delhi NCR Sees 9 Percent Growth In Luxury Home Sales During H1 2025
Delhi NCR’s high-end housing market has defied broader residential sector headwinds, registering a notable 9% rise in sales during the first half of 2025. Official market data shows 5,168 luxury units were sold between January and June this year, compared to 4,763 units in the same period of 2024. The performance comes despite a sharp 23% decline in overall residential transactions across the region.
Gurugram emerged as the undisputed leader, accounting for 91% of all luxury home sales in Delhi NCR. The city’s growth was powered by two prime real estate corridors — Southern Peripheral Road (SPR) and the Dwarka Expressway — which together contributed 61% of the market’s premium transactions. SPR alone accounted for 39% of sales in the ₹5 crore-and-above category, underscoring its growing appeal among affluent buyers. Experts attribute this resilience to multiple factors, including robust infrastructure upgrades and sustained developer confidence. The long-anticipated Dwarka Expressway is nearing operational readiness, while the planned Gurugram Metro expansion is expected to significantly improve connectivity across the city. These transport upgrades are not only enhancing accessibility but also pushing property values upward, making the corridors attractive for both investors and end-users.
Since 2020, Gurugram has seen the launch of more than 22,000 luxury units, positioning it as a frontrunner in India’s premium real estate landscape. Developers are responding to the surge in demand with new projects that emphasise expansive layouts, state-of-the-art amenities, and sustainability-focused design — features increasingly sought after by high-net-worth individuals and globally mobile professionals. Industry analysts believe that the upcoming festive season could further fuel sales momentum, with several launches already in the pipeline. Many of these projects are integrating eco-friendly features, reflecting a broader shift towards sustainable and equitable urban living. Rainwater harvesting systems, energy-efficient designs, and landscaped green spaces are becoming standard inclusions, aligning luxury developments with zero net carbon ambitions.
While the luxury segment has remained resilient, analysts caution that broader economic factors such as interest rates, liquidity in the market, and policy stability will continue to shape buyer sentiment. However, the rising share of premium homes — now 27% of all residential sales in Delhi NCR, up from 19% a year earlier — indicates a deepening appetite for high-value real estate in the region. With infrastructure-led growth, strategic location advantages, and sustained developer interest, Gurugram is strengthening its claim as India’s luxury housing capital. As long as transport connectivity continues to improve and sustainable practices remain integral to project design, the city’s premium residential market appears poised for further expansion in the coming quarters.
Delhi NCR Sees 9 Percent Growth In Luxury Home Sales During H1 2025
Rustomjee Appoints Vikas Singhal To Lead Special Projects And Strategic Initiatives
Keystone Realtors Ltd, operating under the Rustomjee brand, has strengthened its strategic leadership by appointing Vikas Singhal as CEO of Special Projects and Head of Strategic Initiatives, effective from 1 August 2025. This senior leadership addition signals a renewed focus on driving high-impact, sustainable real estate developments.
An IIT (BHU) Varanasi alumnus in Civil Engineering, Singhal brings over three decades of industry experience, having held pivotal roles at organisations such as Godrej Properties, Larsen & Toubro, and Emaar MGF. In his previous capacities—including Chief Operations Officer at Godrej—he oversaw business strategy, P&L, contracts, operations, and cost-effective design execution. At Rustomjee, Singhal will lead conceptualisation and execution of flagship projects, combining technical excellence with strategic foresight. His leadership is expected to bolster the firm’s capacity to deliver institutional-grade developments aligned with high standards of sustainability. Analysts note that Keynote’s expanding urban footprint requires strong promoter-driven stewardship—precisely what his appointment brings.
Rustomjee’s evolving portfolio—spanning residential, mixed-use, and redevelopment clusters—calls for robust governance and innovation. Singhal’s track record in change management and customer-centric execution positions him to lead this transformation, guiding disruptive initiatives through market cycles. Industry experts also recognise the importance of sustainable, equitable urban growth. Under his leadership, Keynote can integrate low-carbon construction, resilient design, and inclusive planning—enhancing public trust and operational excellence.
Rustomjee’s board has framed the appointment as part of a broader vision to recalibrate its delivery model. By designating a separate leadership function for strategic projects, the company aims to improve agility, project delivery timelines, and cross-functional alignment, supported by Singhal’s execution-oriented approach. For the city’s real estate ecosystem, this is a welcome development. Strong, ethically driven leadership with a blend of technical experience and strategic ambition lays the foundation for urban solutions that are not just economically viable but socially responsive and environmentally conscious.
As Rustomjee navigates a competitive and rapidly evolving sector, Singhal’s appointment represents a decisive step toward institutional maturity, greater project quality, and sustainable practice across its burgeoning urban footprint.
Rustomjee Appoints Vikas Singhal To Lead Special Projects And Strategic Initiatives
DRA Group Partners Balajadia Family For $100 Million Property Development Fund
