Mumbai Real Estate News: Luxury residential and commercial real estate company Aditya Birla Real Estate Ltd (ABREL) has announced to develop a housing project in Mumbai.

In a statement, Aditya Birla Real Estate said that it will redevelop a housing society in Mumbai. The real estate company expects a revenue of Rs 1,700 crore from the housing project.

The housing project is located in a free-saleable area.

Aditya Birla Real Estate said that the project will be developed by one of its subsidiaries. It said that the subsidiary company, Birla Estates Pvt Ltd, has entered into the redevelopment market with its first project in the Mumbai Metropolitan Region (MMR).

According to a company statement, Birla Estates will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society. The two projects are located in the Khar West area of Mumbai's Western Suburbs.

Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society are being developed under a joint redevelopment arrangement with Parinee Real Estate Builders.

"With a saleable area of 2.9 lakh sq ft, the project has an estimated revenue potential of Rs 1,700 crore," ABREL said.

Birla Estates develops premium residential housing in key markets. It also has a commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai, with 6 lakh sq ft of leasable area.
 

Real Estate News: The Middle East war has impacted the real estate industry. According to a report by Anarock, housing sales declined by 7 per cent on a quarterly basis in the fourth quarter (January-March) in the top seven cities.

On an annual basis, the housing sales, however, grew by 9 per cent in the 7 cities, said the Anarock report. The report said that sales increased to 1,01,675 units in the current quarter, compared with 93,280 units sold in the same quarter of the last year.

The 7 cities are: Delhi-NCR, Bengaluru, Pune, Mumbai Metropolitan Region (MMR), Hyderabad, Chennai and Kolkata.

Anarock report said that the fall in housing sales was affected mainly by the global economic uncertainties triggered by the Middle East war.

As per the Anarock report, the sales in value terms grew 6 per cent to Rs 1.51 lakh crore in January to March period. The same figure stood at Rs 1.42 lakh crore in the same quarter a year ago.

In terms of volume, the sales dropped by 7 per cent and 6 per cent value wise.

The Anarock report mentioned that in the fourth quarter of the last calendar year 2025, 1,08,970 units were sold and the value was Rs 1.60 lakh crore.

Anuj Puri, who is the Chairman of Anarock Group, said that though the sales declined, India's housing market fundamentals remain strong.

"The short-term impact was clearly because of the Iran War. The war, which has led to a rise in oil prices and construction prices, has affected the sentiment of the buyers," he said.

As per Puri, the fall in sales by 7 per cent in the quarter aligns with the number of prospective Middle Eastern homebuyers, who invest significantly in Indian real estate. Such buyers have decided to delay their plan due to the war.

Anarock, based in Mumbai, is one of the leading housing brokerage firms in the country.

Real Estate Noida: The real estate sector is undergoing a massive transformation as demand continues to rise, leading to massive surge in property prices. According to Square Yards, the real estate market in Noida has seen drastic change over the past few years.

Square Yards said that the price of apartments along the Yamuna Expressway have tripled in the last five years.

This surge in property prices is led by rise in infrastructure projects, including Noida International Airport.

As per Square Yards report, the average price of properties may see some moderation in the coming times. It expects property prices to rise by 22 per cent in the next two years.

Square Yards shared the details regarding the property prices in Noida in a recent report -- 'Runway to Realty: How Noida International Airport is Reshaping Realty'.

Meanwhile, the Noida International Airport will be inaugurated by Prime Minister Narendra Modi on Saturday (March 28, 2026).

Square Yards report said that plot and apartment values in Noida are likely to rise by 28 per cent and 22 per cent, respectively, over the next two years.

As per the data, the average apartment prices stood at Rs 9,600 per sq ft while plot rates were Rs 2,500 per sq ft last year.

In 2027, the average rates of flats and plots are expected to reach Rs 11,800 per sq ft and Rs 3,200 per sq ft.