Kailash Babar is a Senior Assistant Editor for The Economic Times, focusing on national news in India. He covers a wide range of topics related to real estate, housing projects, and property market trends, providing insightful analysis and reporting on the latest developments in the industry.
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Kailash's coverage primarily focuses on the real estate industry in India, with an emphasis on property development and real estate investments. His articles often cite data and government announcements while also including a significant portion of press releases.
To effectively reach out to Kailash, consider providing insights or analysis related to the Indian real estate market. Topics such as emerging trends in property development, investment opportunities, or regulatory changes within MahaRERA could be of interest based on his previous coverage.
Given his focus on national (India) content, pitches should specifically address developments within the Indian real estate sector and their potential impact at a local level.
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By: Kailash Babar
Yatin Shah, co-founder of 360 One, has purchased a lavish duplex penthouse in Mumbai's Worli neighborhood for a staggering Rs 158.51 crore. The sea-view apartment, spanning over 10,312 sq ft, sets a new benchmark with a per-square-foot price of Rs 1.54 lakh, making it one of India's most expensive residential deals.
By: Kailash Babar
HDFC Capital and Runwal Enterprises have partnered to develop residential projects. The focus is on affordable, mid-income, and upper mid-income housing. HDFC Capital will invest over Rs 1,150 crore. The projects will be located in Mumbai. The partnership aims to address the growing demand for sustainable housing. This collaboration will support the development of multiple projects.
By: Kailash Babar
HDFC Capital has partnered with Runwal Enterprises to develop residential projects in Mumbai. HDFC Capital will invest over ₹1,150 crore, aiming to capitalize on the increasing demand for affordable and mid-income housing. The partnership will focus on sustainable projects, with an estimated revenue potential exceeding $1 billion.
By: Kailash Babar
Keystone Realtors, operating as Rustomjee, is set to surpass its target of adding Rs 4,000 crore worth of projects in FY24-25. They've already added over Rs 2,300 crore in the first half, including forays into redevelopment and plotted developments. With a robust pipeline and over Rs 900 crore in dry powder, the company is well-positioned for continued growth.
By: Kailash Babar
Lodha, operating as Macrotech Developers, has purchased a 2.8-acre land parcel in Pune's Hinjewadi from Paranjape Schemes Constructions for approximately Rs 111 crore. The land was part of a larger township project by Paranjape. This acquisition reflects the increasing land transactions in major Indian property markets driven by demand for residential and commercial developments.
By: Kailash Babar, Sobia Khan
HDFC Bank is selling off around ₹3,000 crore worth of commercial properties, including the iconic HDFC House in Mumbai, inherited from its merger with HDFC. This strategic divestment aims to streamline assets and focus on core banking operations.
By: Kailash Babar
Digital real estate platform Blox is set to acquire a 50% stake in advisory firm Guardians over the next three years. The $12 million deal will create India's first platform supporting both direct-to-consumer and broker-led sales, aiming to reach $10 billion in gross transaction value within five years.
By: Kailash Babar
Nexus Select Trust reported a 5% YoY growth in retail net operating income to Rs 371.3 crore for Q2 FY25. Tenant sales reached Rs 3,000 crore, and a Rs 304.1 crore distribution was declared. The REIT also announced acquiring Vega City mall for Rs 877 crore.
By: Kailash Babar
Sunteck Realty reported a 348% year-on-year rise in net profit to Rs 35 crore for Q2, with revenue surging 578% to Rs 169 crore. Pre-sales grew 33% to Rs 524 crore, while collections rose 25%. It also outlined key ongoing projects in Mumbai and Dubai.
By: Kailash Babar
NAREDCO Maharashtra NextGen and Brigade Real Estate Accelerator Program (REAP) have joined forces to bolster innovation in India's real estate sector. This partnership will utilize the Earth Fund, a Rs 200 crore Proptech Venture fund, to support emerging entrepreneurs in PropTech by providing funding, mentorship, and strategic guidance.
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