M3M has emerged as the highest bidder for a 12.5-acre mixed-use parcel in Noida’s Sector 108 with a bid of approximately ₹1,850 crore, more than double the ₹835 crore reserve price. DLF was among the other developers competing for the site.
11:24 PMEconomic Times Realty11 stories from 3 sources
Premium land and capital deployment define India’s property market
Day’s Recap
Supporting Articles
India's residential property market is entering the middle phase of its current cycle, according to Nuvama Research. Developers are moving from debt reduction toward deploying capital, executing projects and building annuity-generating assets.
10:16 AMEconomic TimesAccenture Solutions has leased 2.72 lakh square feet at House of Hiranandani's commercial project in the Mumbai Metropolitan Region. The 10-year agreement carries a monthly rent of Rs 1.9 crore and was facilitated by JLL India.
10:15 AMEconomic TimesM3M emerges as highest bidder for Noida land parcels at ₹1,850 crore
Summary
M3M has emerged as the highest bidder for a 12.5-acre mixed-use parcel in Noida’s Sector 108 with a bid of approximately ₹1,850 crore, more than double the ₹835 crore reserve price. DLF was among the other developers competing for the site.
The bid sets a sharp new benchmark for prime Noida land, implying that developers expect
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The auction signals that institutional developers are willing to pay a premium for scarce, development-ready land in Noida.
Residential realty enters middle cycle as focus shifts to capital deployment, annuity assets: Nuvama
Summary
India's residential property market is entering the middle phase of its current cycle, according to Nuvama Research. Developers are moving from debt reduction toward deploying capital, executing projects and building annuity-generating assets.
The shift from balance-sheet repair to capital deployment marks a change in developer priorities and
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The next phase of the housing cycle will be judged by disciplined growth and cash generation, not just deleveraging.
House of Hiranandani leases 2.7 lakh sq ft of office space to Accenture in Mumbai Metropolitan Region
Summary
Accenture Solutions has leased 2.72 lakh square feet at House of Hiranandani's commercial project in the Mumbai Metropolitan Region. The 10-year agreement carries a monthly rent of Rs 1.9 crore and was facilitated by JLL India.
A large, long-term lease by a major occupier provides the project with predictable cash flow
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Long-duration corporate leases are strengthening the income visibility of Mumbai's commercial real estate assets.
Other Developments
A curated list of other prominent stories from this day.
The Supreme Court rejected Parsvnath Developers' proposal on flat possession and repayment and directed the company to submit a revised offer. It warned that a High-Powered Committee could be appointed if the builder fails to present an acceptable plan, while also denying the insolvency professional's request to access a frozen bank account.
2:55 PMEconomic Times RealtyReal estate could increase its contribution to India's GDP from roughly 8-9% today to 15-20% by 2047. The expansion is expected across housing, offices, warehousing, logistics, education and healthcare, though the sector will continue to face headwinds.
10:18 AMEconomic TimesBengaluru, Hyderabad, Chennai and other leading markets account for 62% of the office space held by listed Indian REITs. Bengaluru has the largest share of its office stock under REIT ownership, while retail and warehousing REITs are widening institutional participation in real estate.
10:14 AMEconomic TimesSignature Global plans to launch two Gurugram housing projects with a combined value of Rs 12,000 crore in the second half of FY27. The company is targeting strong festive-season sales to support a Rs 10,000 crore annual pre-sales goal despite recording a first-quarter net loss.
10:12 AMEconomic TimesThe housing ministry has urged developers to adopt sustainable construction practices, including preserving green spaces and installing water recycling systems. It also called for future projects to align with the Delhi Master Plan 2047 and said it would consider industry feedback.
10:08 AMEconomic Times
Investors who prioritize rental yield recorded the highest Housing Sentiment Index score, at 119, in the latest Magicbricks survey. The result indicates that recurring income is becoming a stronger motivation for residential property purchases.
7:56 AMThe Property Times
Terray Realty has launched in Bengaluru as a mandate and advisory firm serving property owners, developers and investors. Led by Rayan Munawer, the firm says it will focus on structured, transparent and results-driven transactions.
7:32 AMThe Property Times
GVP Realty has announced MANSION XXI, a ₹600 crore-plus ultra-luxury residential project at Mumbai's Bandra Bandstand. The 26-storey, sea-facing development is positioned as the company's most ambitious project and a landmark addition to the city's premium housing market.
5:42 AMThe Property TimesSC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another
Summary
The Supreme Court rejected Parsvnath Developers' proposal on flat possession and repayment and directed the company to submit a revised offer. It warned that a High-Powered Committee could be appointed if the builder fails to present an acceptable plan, while also denying the insolvency professional's request to access a frozen bank account.
The rejection keeps Parsvnath under direct judicial pressure and leaves homebuyers without a settlement framework.
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Homebuyers gain leverage, but repayment and possession could face further delays unless Parsvnath produces a workable plan.
Real Estate GDP share may rise from 8-9% to 15-20% by 2047, headwinds to remain: Knight Frank's Zia
Summary
Real estate could increase its contribution to India's GDP from roughly 8-9% today to 15-20% by 2047. The expansion is expected across housing, offices, warehousing, logistics, education and healthcare, though the sector will continue to face headwinds.
The forecast points to a broadening of real estate beyond residential and office development, with
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Real estate could become a substantially larger engine of economic activity, but only if supply and infrastructure bottlenecks are addressed.
Bengaluru, Hyderabad, Chennai hold 62% of total office space portfolio owned by listed REITs
Summary
Bengaluru, Hyderabad, Chennai and other leading markets account for 62% of the office space held by listed Indian REITs. Bengaluru has the largest share of its office stock under REIT ownership, while retail and warehousing REITs are widening institutional participation in real estate.
Listed REIT ownership remains concentrated in India's strongest technology and services hubs, giving those markets
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REIT concentration is reinforcing the dominance of major office hubs while opening institutional ownership to new property sectors.
Signature Global to launch 2 housing projects worth Rs 12,000cr in 2nd half of FY27: Chairman
Summary
Signature Global plans to launch two Gurugram housing projects with a combined value of Rs 12,000 crore in the second half of FY27. The company is targeting strong festive-season sales to support a Rs 10,000 crore annual pre-sales goal despite recording a first-quarter net loss.
The planned launches represent an aggressive expansion of inventory and a major test of Signature
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Signature Global is betting that Gurugram demand can support rapid growth even as profitability remains under pressure.
Realty firms must adopt scientific temperament, build sustainable housing projects: MoHUA Secy
Summary
The housing ministry has urged developers to adopt sustainable construction practices, including preserving green spaces and installing water recycling systems. It also called for future projects to align with the Delhi Master Plan 2047 and said it would consider industry feedback.
The guidance signals that sustainability and resource management are moving closer to core planning and
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Environmental performance is becoming a planning and execution requirement, not merely a branding option for housing developers.

Rental Yield Emerges as the Strongest Investment Driver for Residential Real Estate: Magicbricks HSI
Summary
Investors who prioritize rental yield recorded the highest Housing Sentiment Index score, at 119, in the latest Magicbricks survey. The result indicates that recurring income is becoming a stronger motivation for residential property purchases.
Rental yield now appears to be a more powerful investment signal than other stated motivations
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Residential demand is shifting toward assets that can generate measurable cash flow, not just capital gains.

TERRAY REALTY LAUNCHES TO SET A NEW BENCHMARK IN REAL ESTATE MANDATES AND ADVISORY
Summary
Terray Realty has launched in Bengaluru as a mandate and advisory firm serving property owners, developers and investors. Led by Rayan Munawer, the firm says it will focus on structured, transparent and results-driven transactions.
The launch adds another advisory platform to Bengaluru's increasingly institutional real estate market, where owners
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Greater reliance on specialized advisers signals a more professional and competitive property transaction market.

GVP Realty Unveils ₹600 Crore+ MANSION XXI, an Ultra-Luxury Sea-Facing Landmark at Bandra Bandstand
Summary
GVP Realty has announced MANSION XXI, a ₹600 crore-plus ultra-luxury residential project at Mumbai's Bandra Bandstand. The 26-storey, sea-facing development is positioned as the company's most ambitious project and a landmark addition to the city's premium housing market.
The project expands Mumbai's luxury market toward branded, landmark residences rather than conventional high-end apartments.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
MANSION XXI signals continued developer confidence in Mumbai's ultra-luxury housing demand and the rising value of landmark projects in prime coastal locations.
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