Saturday, August 29News That Matters

PROPERTY MATTERS

Puravankara Enters JDA for 7.83-acre Land Parcel in South-East Bengaluru with Rs 1,247 Crore GDV Potential

Puravankara Enters JDA for 7.83-acre Land Parcel in South-East Bengaluru with Rs 1,247 Crore GDV Potential

News, PROPERTY MATTERS
25th August 2026, Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated Gross Development Value (GDV) of Rs 1,100 crore. The project has a saleable area of approximately 0.89 msft and will be developed as a residential community, adding to Puravankara's presence in this established South Bengaluru corridor.This marks Puravankara’s fifth land transaction in Bengaluru for FY27, underscoring the calibrated approach and the pace at which the company continues to build its development pipeline in the city.Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, sa...
Aura World Brings Aura Vantaje – One of Sohna Road’s Last Commercial Investment Opportunities

Aura World Brings Aura Vantaje – One of Sohna Road’s Last Commercial Investment Opportunities

News, PROPERTY MATTERS
Gurugram, Haryana, IndiaSohna Road has changed considerably over the past two decades. What was once seen as an emerging commercial corridor has gradually become one of Gurugram's most established business addresses. Residential projects came up; offices followed; schools and hospitals added to the catchment; and, over the years, much of the available land was occupied. Today, sizeable land parcels for organised commercial developments are increasingly difficult to come by. In that sense, Aura Vantaje arrives at a time when Sohna Road is offering one of its last opportunities to own organised commercial real estate.Aura Vantaje to redefine what commercial investment looks like on Sohna Road-Located in Sector 48, Aura Vantaje is a two-acre luxury commercial develop...
DRA Becomes First to Adopt Tamil Nadu’s Presence-Less Property Registration, Advancing Digital Homebuying

DRA Becomes First to Adopt Tamil Nadu’s Presence-Less Property Registration, Advancing Digital Homebuying

News, PROPERTY MATTERS
Chennai, Tamil Nadu, IndiaAccelerates faster, transparent, and secure transactions while eliminating physical dependencies. Enables buyers to complete registrations seamlessly, even on auspicious days and public holidays.In a significant step aligned with the Government of Tamil Nadu’s digital transformation agenda, DRA, one of Chennai’s fastest-growing residential developers, has established the required infrastructure at its head office and successfully commenced presence-less property registration and e-sale deed services for its customers from Februrary 18th, 2026. With this, the company is the first developer from CREDAI Tamil Nadu to adopt the state’s digital registration framework, STAR 2.0, marking a shift toward more streamlined, remote property transactions....
Raymond Realty reports a healthy Q1FY27 performance.

Raymond Realty reports a healthy Q1FY27 performance.

News, PROPERTY MATTERS
Mumbai, August 8, 2026: Raymond Realty Limited today announced its unaudited financial results for the quarter ended 30th June 2026.KEY HIGHLIGHTS Strong Booking Value Trajectory: Achieved a robust Booking Value (BV) of ₹700 Crore in Q1FY27, marking an outstanding 129% growth compared to ₹306 Cr in Q1 FY26  Booking Value Contribution Mix: JDAs - 64%; Thane Land Parcel - 36% for the quarter  Strong Growth Visibility: Total portfolio is now ~ ₹52,000 Cr in Gross Development Value (GDV), with a prudent mix of Own land as well as JDA projects  Customer Collections of ₹ 550 Cr in Q1FY27 vs ₹ 374 Cr in Q1FY26, 47% Y-o-Y growth  Total Income of ₹ 536 Cr in Q1FY27 vs ₹ 392 Cr in Q1FY26, 37% Y-o-Y growth  EBITDA of ₹ 70 Cr in Q1FY27 vs ₹ 41 Cr in Q1FY26, 70% Y-o-Y gro...
BTM Layout to Get a Boost from the Proposed Tunnel Road–  Anuj Sanjay Jain

BTM Layout to Get a Boost from the Proposed Tunnel Road– Anuj Sanjay Jain

News, PROPERTY MATTERS
For decades, BTM Layout has been one of South Bengaluru's most established residential neighbourhoods, valued for its central location, mature social infrastructure and vibrant community. Today, however, a new chapter is unfolding. With transformative infrastructure projects reshaping Bengaluru's mobility landscape, BTM Layout is emerging as a neighbourhood that not only offers an exceptional quality of life today but is also well-positioned for tomorrow.Among the developments generating considerable attention is the proposed Bengaluru Tunnel Road project, one of the city's most ambitious mobility initiatives. Planned to connect Silk Board with North Bengaluru through an underground corridor, the project aims to significantly reduce travel time across the city by bypassing surface-leve...
Homes with a View: SNN Raj Bay Vista introduces “Work from Nature” Concept in the Heart of South Bengaluru with Lake Facing Homes.

Homes with a View: SNN Raj Bay Vista introduces “Work from Nature” Concept in the Heart of South Bengaluru with Lake Facing Homes.

Architecture, News, PROPERTY MATTERS
Bengaluru, July 16, 2026: Imagine waking up every morning to the sight of a tranquil lake outside your window instead of another concrete building. In a rapidly urbanising city like Bengaluru, where open spaces are becoming increasingly scarce, such experiences have become a rarity. It is this rare blend of nature and city living that SNN Raj Corp seeks to bring alive with the launch of SNN Raj Bay Vista, its premium residential development on Kodichikkanahalli Main Road, Bilekahalli, in South Bengaluru.As homebuyers increasingly look beyond conventional apartments, priorities have shifted from simply owning a home to finding communities that support wellness, flexibility and a better quality of life. The rise of hybrid work has also changed what people expect from their homes, with la...
Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

News, PROPERTY MATTERS
Bengaluru, July 10, (Karnataka News): Since July 1, a total of 9,878 encroachments have been cleared on a total of 435 km of footpaths. The encroachment clearance operation will continue in the jurisdiction of all the five corporations, said Chief Minister D.K. Shivakumar. Speaking about the footpath encroachment and the eviction operation of traders in various parts of the city, he conducted a city tour on Friday and received information from Bangalore Urban Development Minister Krishna Byre Gowda. Later, he answered questions from the media near the Ashoka Pillar in Jayanagar. There were a total of 1,340 shops, about 1,800 push carts. Push carts have been allowed to be taken away. About 2,267 shops had tin sheets installed in front of them, which have also been removed. 2,300 steps, p...
Bengaluru continues to lead GCC office transactions in India, Residential prices rise 9% on sustained demand: Knight Frank India.

Bengaluru continues to lead GCC office transactions in India, Residential prices rise 9% on sustained demand: Knight Frank India.

News, PROPERTY MATTERS
Bengaluru records 14.1 mn sq ft of office transactions in H1 2026; highest amongst the eight Indian citiesGCCs drive Bengaluru’s office leasing activity in H1 2026 Residential sales grow 5% YoY to 27,968 units, while launches rise 4% YoY Average residential prices rise 9% YoY to INR 9,354 per sq ftBengaluru, July 09, 2026: Knight Frank India in its latest report, India Real Estate: Residential and Office (January - June 2026) H1 2026, cited that Bengaluru continued to reinforce its position as India's premier destination for Global Capability Centers (GCCs), recording 8.5 mn sq. ft. of GCC-led office space leasing in H1 2026, the highest among all cities. GCCs accounted for 60% of the city's total office transactions, highlighting sustained confidence from multinational cor...
Investments in Indian Real Estate Diversify Geographically Amid Global Headwinds – Vestian

Investments in Indian Real Estate Diversify Geographically Amid Global Headwinds – Vestian

News, PROPERTY MATTERS
New Delhi, 8th July 2026: Geographical Diversification on the RiseUnlike the previous quarter, institutional investments in India's real estate sector witnessed broader geographic diversification in Q2 2026. Multi-city transactions accounted for nearly 60% of the total investment inflows, while the remaining 40% was distributed across India's top seven cities. Among individual markets, Chennai attracted the largest share of investments at approximately 16%, followed by Bengaluru at 11%. This shift reflects investors' growing preference for geographically diversified portfolios and underscores the expanding investment potential across India's major metropolitan markets despite persistent global economic headwinds.City % Share in Institutional Investments (Q2 2026)Multi-ci...
Square Yards raises INR 900cr (USD 95mn), plans additional USD50-60mn close as it prepares for IPO.

Square Yards raises INR 900cr (USD 95mn), plans additional USD50-60mn close as it prepares for IPO.

Business & Finance, News, PROPERTY MATTERS
NEW DELHI, INDIA – June 23, 2026 – Square Yards, India's leading integrated real estate and mortgage platform, today announced the successful closure of a Rs 900 crore ($95 million) capital raise. The strategic investment, which comprises a mix of debt and equity, was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co.Following this capital infusion—which was completed at an equity valuation significantly higher than its previous round—Square Yards has firmly solidified its position as a dominant force in the global proptech ecosystem. Building on this momentum, the company is also looking to close another $50-60 million over the next quarter as part of its ongoing capital strategy.Over the past several years, Square Yards has...